13:38 PM, 8th September 2022, About 4 weeks ago 5
Hi all, I need some advice, please. I own a flat in a house that was originally split into two individual flats back in the 1980’s. I own one flat and the Freeholder owns the other.
I am in the process of selling the flat and the Freeholder has agreed to allow me to extend the Lease with their being NO premium charged.
The term has not yet been agreed but it will either be an extension of the remaining 60 years taking it to 150 (60 + 90) or 999 years.
Would there be any tax to be paid even if there is no associated premium?