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LLS1001
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Last Activity: 17-06-2019, 15:15 PM
Joined: 12-06-2019
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  • LLS1001
    replied to Sale of a freehold
    Ok, many thanks for the advice. Much appreciated....
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  • LLS1001
    replied to Sale of a freehold
    That's incredibly helpful - thank you very much. I never considered that 50% of the value of the freehold would have been transferred to the value of our own flat when we extended the lease. That reflects the calculations done by the freehold company who valued it.

    I'm not sure if you can...
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  • LLS1001
    replied to Sale of a freehold
    We bought it for £417,500 in 2012, so £54,275?
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  • LLS1001
    replied to Sale of a freehold
    I'm afraid I can't find one that will give me the value of it back in 2012 as it asks for the cost of the flat excl. the freehold. It was all combined when we bought. Maybe I've missed something.
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  • LLS1001
    replied to Sale of a freehold
    Thanks for your replies.

    Yes, the freehold was registered in joint names (my partner and I lived in the property for 3 years and then let it out for 18 months before selling). We sold the freehold for £30,000 so over the CGT limits.

    We had the freehold valued by a company...
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  • LLS1001
    started a topic Sale of a freehold

    Sale of a freehold

    Hi,

    When we purchased our London flat in 2012, it came with the freehold (to our upstairs flat and the one downstairs). Both flats had a lease of 69 years when we bought it, however, we increased ours to 999. There is also no ground rent. We sold our flat in 2017 but kept hold of the freehold....
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