Splitting into leaseholds on freehold building to refinanceMake Text Bigger
I have a freehold building which was developed into several flats. I am looking hold on to them to rent, but would like to split into leaseholds as the mortgage rates are more competitive (the difference in rates have reduced over the last couple of years but the financing cost have gone up hugely) and it would also allow greater flexibility.
The issue initially is you can’t own the freehold and the leasehold.
What strategies are there for this avoiding paying large amounts of tax as sole traders which don’t involve having to get married? Or as a Limited company.
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