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Additional price paid transaction


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What does it mean, in layman's terms, when a house sale is defined as an "Additional price paid transaction"?

The Land Registry defines it as "Repossessions, Buy-to-lets and transfers of property sold to non-private individuals".

Can anyone explain the various likely reasons?

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5 hours ago, Bruce Banner said:

What does it mean, in layman's terms, when a house sale is defined as an "Additional price paid transaction"?

The Land Registry defines it as "Repossessions, Buy-to-lets and transfers of property sold to non-private individuals".

Can anyone explain the various likely reasons?

Is the last one where a "savvy" BTL investor sells the property to themselves when they've gone from having it in their own name to putting it inside a limited company?

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"Additional Price Paid entry includes transfers under a power of sale (repossessions), buy-to-lets where they can be identified by a mortgage, and transfers to non-private individuals. Data available from 14 October 2013" 

If it's a BTL mortgage deed that goes in to the land registry then it'll automatically mark it as "additional price paid". 

Transfers to companies will be more common since S24 has come in creating an tax advantage to using a Ltd for  buy to let. 

Edited by Council estate capitalist
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