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Stamp Duty and business

louielou · 2007-01-24 12:24:39

Add Recipients Hi, I am setting up a property development company and i have a quick question about stamp duty. If I am a director of the property company, does it affect my own personal stamp duty rates, when it comes to buying my first personal property. I am not looking for a reduction on stamp duty for the business…

24-01-2007 12:24pm

#1

louielou

Closed Accounts Posts: 18 ✭

Join Date: April 2006

Posts: 7

Add Recipients

Hi,

I am setting up a property development company and i have a quick question about stamp duty. If I am a director of the property company, does it affect my own personal stamp duty rates, when it comes to buying my first personal property. I am not looking for a reduction on stamp duty for the business properties, but i am concerned that when it comes to buy my first personal property i wont get the cheaper rate of stamp duty, because the company owns other property, which i am a director of.

Thanks in advance.

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Comments

#2 24-01-2007 12:30pm

kluivert

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A "company" is a seperate legal entity and therefore doesnt affect you personally.

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