Marriage tax explanation please

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    Marriage tax explanation please

    What is it? And how does it apply creation of a new flat on an existing building

    #2
    I think you've got confused. There is no marriage tax of which I'm aware. Do you mean 'marriage value' as in a leasehold property with a lease of less than 80 years? Or perhaps you're referring to the rules on the new 3% stamp duty increase for second homes, which can in some circumstances penalise married couples?

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      #3
      Or the marriage allowance - see gov.uk
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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        #4
        Marriage Vaule is what I mean, and it is in relation to, the granting of a new lease on a newly created top floor flat.

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          #5
          Marriage value

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            #6
            When the remaining lease term drops below 80 years the property starts to lose more value each year than it used to. Thats probably all you really need to know. If you want the full technical explanation you can google it

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              #7
              I am interested in how 'marriage value' applys to a newly created lease as apposed to an extension of an existing lease

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                #8
                Why would you create a new lease of less than 80 years? Speak to the Leasehold Advisory Service. They have a very good helpline.

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