Marriage tax explanation please

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  • DPT57
    replied
    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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  • Dezguffry
    replied
    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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  • DPT57
    replied
    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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  • Dezguffry
    replied
    Marriage value

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  • Dezguffry
    replied
    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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  • theartfullodger
    replied
    Or the marriage allowance - see gov.uk

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  • DPT57
    replied
    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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  • Dezguffry
    started a topic Marriage tax explanation please

    Marriage tax explanation please

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

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