The Property Podcast ASK446: Does this certificate mean I can't sell my flat? PLUS: My property is losing money, what can I do?
Sep 17, 2024
This week tackles some pressing property dilemmas! A listener grapples with hefty tax bills from a London rental and seeks advice on potential solutions. Meanwhile, concerns arise over a non-qualified lease affecting a flat’s value and mortgage options. The hosts provide insights into strategic moves like converting to a limited company and reassurances about regulatory impacts, helping listeners navigate these tricky real estate waters.
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Section 24 Dilemma
- Consider selling the London property due to the ongoing losses from Section 24.
- Reinvest the funds in multiple properties in more profitable areas like the Midlands.
Deed of Certificate Concerns
- A Deed of Certificate clarifies property ownership status for remediation costs.
- Keep the certificate for future sales, but it shouldn't affect the property's value if no remediation is needed.