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Freehold and Lease holder - lease extension

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Mary Ball
Mary Ball
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I am a sole freeholders to a property that has been split into 2 flats. I also am the sole leaseholder and owner of one of these flats. I do not hold my properties within a company.

I now need to extend the lease and thought that this would be a straightforward matter being the freeholder- wring!.

My solicitor has informed me that I will need to transfer a share of the Freehold to a trustworthy person (partner/ sister). They can then issue the extension via the Land Registry I then have to put the freehold back to my ownership. However there may be a tax implication.

Any ideas on how to do this without incurring and hefty tax bill and doubling the solicitors fees?

20/11/2019 16:38

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