Sep
8

Free lease extension – Is there a tax liability for this?

Author admin    Category Uncategorized     Tags

Hi all, I need some advice, please. I own a flat in a house that was originally split into two individual flats back in the 1980’s. I own one flat and the Freeholder owns the other.

I am in the process of selling the flat and the Freeholder has agreed to allow me to extend the Lease with their being NO premium charged.

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