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
Best method to terminate RTM? by MrSoffit Started by MrSoffit, 09-08-2021, 19:53 PM	12 responses 174 views 0 likes	Last Post by eagle2 10-08-2021, 11:32 AM
Unexpected leasehold forfeiture letter by Stotherd Started by Stotherd, 04-08-2021, 15:37 PM	12 responses 312 views 0 likes	Last Post by Lawcruncher 09-08-2021, 11:32 AM
License to Alter required to carry out repairs? by APK Started by APK, 30-07-2021, 14:41 PM	12 responses 342 views 0 likes	Last Post by Lawcruncher 08-08-2021, 14:45 PM
Should I extend lease now or wait for proposed reforms? by Chow Started by Chow, 08-08-2021, 07:07 AM	10 responses 229 views 0 likes	Last Post by Chow 08-08-2021, 14:35 PM
Definition of 'single family occupation' in modern times by moralcrusader Started by moralcrusader, 18-07-2021, 08:56 AM	12 responses 305 views 0 likes	Last Post by moralcrusader 08-08-2021, 06:52 AM
Windows - whose responsibility? by jolie Started by jolie, 06-08-2021, 22:43 PM	4 responses 136 views 0 likes	Last Post by jolie 07-08-2021, 19:53 PM
solicitor drafted defective lease by ms60 Started by ms60, 04-08-2021, 20:02 PM	9 responses 125 views 0 likes	Last Post by ms60 07-08-2021, 13:24 PM
Wording of covenants by baguettemeknot Started by baguettemeknot, 06-08-2021, 18:37 PM	6 responses 128 views 0 likes	Last Post by Gordon999 07-08-2021, 10:52 AM
Breach of service charges by directors by Loudee Started by Loudee, 04-08-2021, 09:05 AM	6 responses 118 views 0 likes	Last Post by Starlane 06-08-2021, 18:55 PM
Notice of Underletting by clash123 Started by clash123, 21-07-2021, 09:34 AM	7 responses 254 views 0 likes	Last Post by Lawcruncher 06-08-2021, 18:22 PM

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
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 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
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 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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