9:59 AM, 22nd February 2022, About 3 months ago 4
I owned a house as my main residence, which was converted into three flats and put into my BTL business. The three flats were held under a single title initially. I decided to remortgage the flats and had to put each flat under a separate leasehold title and create a single freehold for the 3 leaseholds.
The leasehold is solely owned by me. The freehold is held jointly with my husband. I own 99% of the freehold and my husband owns 1%. No ones changed hands when freehold/leasehold structure was created.
I am looking to remortgage again and the mortgage company wants a longer lease on the flats as the current lease is about 80 years only.
My question is 1) if the freeholder (I and my husband) decide to charge a premium for extending the lease, will there be a CGT and if yes, how was this calculated?
2) are there any CGT implications for me as the leaseholder?
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