Muten

My LTD company own one BTL property. Now I want to buy a residential property in my and my wife's name... Do I need to pay high rate SDLT ?

Thank you for the reply. I have looked into all these costs and by moving to a LTD company I am saving approx 300 per month after paying corporation tax and others costs and will save SDLT on my 2nd property which is more than what I pay when I move the property to a LTD company. So in all I will save approx £4000 on SDLT and 300 per month on rent.. But not sure if I have one BTL property in LTD company (of which I am a director) will i ve considered as a first time buyer if I go and buy a another residential property

Can I sell my residential property to a LTD company of which my wife/ or I am a director and then call my self as a 1st time buyer and go on and buy another property?Someone told me you will still be a 2nd time buyer and have to pay high rate SDLT. Can someone please confirm.

1. Do I need to pay high rate SDLT on my 2nd property (which would be £16800) if I transfer my current residential property to a LTD company (SDLT £9500) and buy 2nd home as my main residence. 2. Can I reclaim £16800 - £ 9500 = £6300 if I buy first buy 2nd property and pay £16800 and later on sell my 1st property to a LTD company ( with either me or my wife as director ) and pay £9500 SDLT on this sale.