Question:
What are the tax implications when I buy my other business partner’s stake in our property company? There is no change in property value and the equity/share value remain the same.
Arthur Weller replies:
You are buying shares in a limited company, so you will have to pay stamp duty at 0.5%, and the sellers will have to pay capital gains tax at 10%/20% if their shares are sold for more than the amount they originally paid for them.
