How Much Would I Have To Pay In Transfer Tax?

[jitagon]

I read somewhere about land transfer tax being reduced. My company owns the land on which my house sits. But, just a thought, if my company only owns the land and I were to close/sell my company, it would make transfer of land to spouse a cheaper alternative to having to pay accounts and tax every year. And of course, should anything go pearshaped, be difficult for spouse to eject me from actual house. Not that I anticiapate that that would happen

And so, in a nutshell, what is the percentage now on transfer of land? Thanks

Edited May 6, 2008 by jitagon