Company property

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A family of three, including the MD, are looking to transfer their personal properties to their company. They've been advised that this is possible for adequate consideration, with the company then holding ownership. The main concern is the cost, specifically regarding stamp duty, and whether there are any less expensive alternatives to a full re-transfer.

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(Querist)
01 October 2021 We are family of 3 my parents and myself being the MD ....having our own company...can we transfer our individual properties to company....if yes..
what is the procedure.....who will hv the hold on properties........
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 October 2021 You can transfer the property to the company for adequate consideration. Then the company will hold on the property.
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Jankal architects

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Jankal architects (Querist)
02 October 2021 Thanks sir....and how can property tranfered...through paying all stampduty again..plz suggest any other way which minimises cost.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 October 2021 I don't think any other way.
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