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[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

[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...

[sgclacy]

Bello v Ideal View [2009 EWHC 2808 QB] the landlord sought in 2007 to implement a rent review due under a lease in 1994. Following the determination of the new rent the landlord claimed the increased rent due for the entire 13-year period between 1994 and 2007. In this case the landlord was success...

[sgclacy]

If the legal costs are passed through the service charges the others lessees could then seek to challenge these at the FTT...

[sgclacy]

If the lease is a tenancy for life then it will cease on his demise and so would have no value as it reverts to the freeholder/head lessor.

[sgclacy]

The amount of relativity has increased by around 4-5% following on from Ironhawke...

[sgclacy]

flyingfreehold - post #7

Building on the above, there is a possibility in return for marriage value being abolished that the deferment rate may be lowered from 5% to 4% and this would indeed make the calculation easier and quicker and the resulting premium would be a little lower. Another...

[sgclacy]

It provides a hedge against inflation , although the next review is some 21 years away.

A capitalization rate of between 4% to 4.5% would be applied which is what an RPI linked ground rent may attain if the next review is in 21 years

Assuming the flat is worth around £600,000...

[sgclacy]

The statutory cost of a lease extension would be 1.125% of the value of the flat plus around £1,000. In addition, you would have to pay the landlords legal and valuation fees plus of course your own, so expect to add another £5,000 to £6,000 to that figure

The reforms are unlikely to...