Long Leasehold Questions

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Sticky: FAQ On Leasehold Property Issues-Your Answer Might Be Here by leaseholdanswers Started by leaseholdanswers, 29-05-2014, 08:36 AM	3 responses 9,553 views 0 likes	Last Post by Moderator2 17-06-2021, 21:40 PM
1.Service Management Company - 2. Insurance by not happy Started by not happy, 24-02-2015, 13:11 PM	6 responses 704 views 0 likes	Last Post by leaseholdanswers 25-02-2015, 18:34 PM
Ground Rent Demand by cma Started by cma, 24-02-2015, 19:26 PM	6 responses 691 views 0 likes	Last Post by leaseholdanswers 25-02-2015, 17:20 PM
Selling share of freehold by wittie Started by wittie, 23-02-2015, 21:13 PM	11 responses 2,615 views 0 likes	Last Post by andybenw 25-02-2015, 12:03 PM
new lease by Lynne 41 Started by Lynne 41, 21-02-2015, 09:29 AM	10 responses 2,354 views 0 likes	Last Post by Gordon999 24-02-2015, 15:22 PM
Freeholder making excessive profits from repair work by mimosh Started by mimosh, 23-02-2015, 14:54 PM	2 responses 606 views 0 likes	Last Post by ram 23-02-2015, 22:44 PM
Statutory obligations of a RTM company managing its own block by zzhallk Started by zzhallk, 18-02-2015, 21:21 PM	4 responses 707 views 0 likes	Last Post by leaseholdanswers 23-02-2015, 21:45 PM
Lease extension 59 years left - ground rent increase by stanmer Started by stanmer, 02-10-2014, 12:39 PM	11 responses 5,077 views 0 likes	Last Post by brian-in-wedmore 23-02-2015, 16:58 PM
Quick MCOL question by Parchester Started by Parchester, 18-02-2015, 20:18 PM	25 responses 3,091 views 0 likes	Last Post by leaseholdanswers 22-02-2015, 19:26 PM
Licence to Alter and asking freeholder to extend basement by tok2850 Started by tok2850, 20-02-2015, 20:23 PM	5 responses 1,061 views 0 likes	Last Post by leaseholdanswers 22-02-2015, 19:25 PM
Stopcocks. Is it the leaseholders responsibility or the management companies? by managment70 Started by managment70, 21-02-2015, 20:33 PM	8 responses 5,765 views 0 likes	Last Post by leaseholdanswers 22-02-2015, 19:23 PM

Ground rent arrears from executor

by Martin448A

Hi,
received a letter out the blue from someone claiming to be the executor of the deceased freeholders of my leasehold maisonette. Have never receive ground rent request for payment for any of the years I have owned the property or has the other maisonette in my building.
They are now requesting...
- Channel: Long Leasehold Questions
16-08-2022, 00:30 AM
Reply to Ground rent arrears from executor

by Martin448A

I did look at buying the freehold a few years ago but there solicitor quotes up to £4000 costs and I believe that was more then the value of the lease itself !
- Channel: Long Leasehold Questions
17-08-2022, 06:10 AM
Sale of Freehold - Tax to Pay

by divadee

Hi, I hope I can write this in a clear way that makes sense!

We bought a leaseholders flat in 2016, the next year we bought the limited company that held the freehold. This was done as no other leaseholder were interested in buying the freehold a few months prior to us buying our leasehold...
- Channel: Long Leasehold Questions
16-08-2022, 16:37 PM
Reply to Sale of Freehold - Tax to Pay

by divadee

Thank you. We are getting in touch with our management agents today. Although after it completes they may not be as helpful as we don't think the leaseholders are keeping them on (although the leaseholders couldn't organise a pee up in a brewery so it may be a disaster for them!)

We don't...
- Channel: Long Leasehold Questions
17-08-2022, 06:04 AM
Reply to Sale of Freehold - Tax to Pay

by sgclacy

It may be best to state that the company held the property in trust for you and therefore it is very important that in your personal tax return you show the gain. You must take professional advice on this
- Channel: Long Leasehold Questions
16-08-2022, 23:54 PM
Reply to Ground rent arrears from executor

by Lawcruncher

That may not be the case. See this thread: https://forums.landlordzone.co.uk/fo...and-limitation

Interest can be charged if the lease allows it. However, no interest can be charged before the service of a section 166 notice because...
- Channel: Long Leasehold Questions
16-08-2022, 21:35 PM
Reply to Sale of Freehold - Tax to Pay

by divadee

And one last image as it only let me attach 2 at a time....
- Channel: Long Leasehold Questions
16-08-2022, 20:09 PM
Reply to Sale of Freehold - Tax to Pay

by divadee

Oh god I have a feeling something may have gone horribly wrong in all of this and we may of messed up! We have been advised by our management agents throughout all of this (who have managed the property for a good number of years as the previous freeholders used them as well) and just trusted what they...
- Channel: Long Leasehold Questions
16-08-2022, 20:08 PM
Reply to Sale of Freehold - Tax to Pay

by sgclacy

It would appear to have claimed roll over relief on the statutory lease extension where £14k was received - unless you had bought a property to roll over the gain this may have been premature

so on a base cost of £18k you will have received £12k plus £14k a gain of £8k so corp tax...
- Channel: Long Leasehold Questions
16-08-2022, 19:53 PM
Reply to Ground rent arrears from executor

by Martin448A

Ground rent is £75 year, don’t have lease details with me but around 150 years
- Channel: Long Leasehold Questions
16-08-2022, 19:51 PM

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