Tax and Lease Extensions


Philip Vickery and Mark Chick recently recorded a podcast for the website Property Battlefield. In this interview with John Savage they discuss the tax implications that may arise if a lease extension is carried out some time after the freehold has been purchased.

If you are in a situation where you have purchased the freehold to your building and not yet extended your leases there could be a tax liability for both the freehold company and the individual flat owners.

If you have any questions concerning tax and lease extensions or want to discuss the issues raised further, please contact Philip Vickery by emailing privateclient@bishopandsewell.co.uk or by telephoning 020 7631 4141 and asking to speak to a member of the tax team.


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