Did a bit more research myself today, seems that way.
Is the first dwelling purchased by a Ltd Company exempt from the 3% surcharge?No - all purchases of residential property within a limited company are subject to the surcharge.
I own a rental property; will I have to pay the 3% surcharge when I buy my first home?Yes – it is the number of dwellings owned by you, not the use to which they are put that determines whether the surcharge is payable.
I own a buy to let property in a limited company and now want to buy a home to live in – will I pay the 3% surcharge? A limited company is a separate legal “person” from you, so (in law) you do not currently own a “dwelling”. Consequently you will not have to pay the 3% surcharge when you buy your home.
Think ill try and get this confirmed from a mortgage broker/accountant. Then im ready to go!