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Money made from lease extension payment - what is my tax liaibilty
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Mike_22
Posts: 5 Forumite
in Cutting tax
Hi, I own the freehold on a 2 flat property
and one of the flats has asked to do an extension on their lease. A valuation was done
and I have agreed a price with the leaseholder.
I want to find out what tax I would have to pay on the money I'll receive from the leaseholder for the lease extension, I've tried searching online but it's very confusing.
I own the freehold as it's was part of the other flat I owned so not sure how these things work.
Thank you for any advice.
0
Comments
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It will depend on how long the lease extension was for, and how long the original lease has left to run.0
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