Lease extension

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    Lease extension

    Hi I'm a newbie and would welcome information about any tax relief on a 99 year lease extension I have just paid for.

    It would be against CGT, not income.


      The cost of "lease extension" is added to the property buying costs and applied in calculation of the capital gain only AFTER you sell the property.

      If you paid for a statutory 90 years lease extension at peppercorn ground rent, your new lease may be around 150 years

      If you paid for a "non-statutory lease extension" to restart at 99 years , that is non-statutory lease extension and you will be facing payment for another lease extension in less than 19 years.


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