About Leaseholds – What Is a Lease and What do you Pay for?
By Datography Ltd published on 25/10/2017
If you’re looking around for a flat to buy then you’ll have come across the term ‘leasehold.’ Most flats and some houses are sold with a lease of 999 years or 99 years and there are older properties that have less than 99 years. Buying leasehold means that you do not own the land upon which the property is built. This is owned by the leaseholder. A leaseholder is normally responsible for common wa
In April of this year, the tax changes which were announced previously for Landlord’s Tax Relief began. The changes will actually take place over a period of four years and tax relief will now be restricted to basic rate income tax. Whereas before the finance costs of Landlords were taken into consideration to work out profits, now they won’t. Instead, the income tax on your profits from your prop
