A sizeable number of people are currently looking to de-envelop their property and make the transition to a structure which is outside the scope of the Annual Tax on Enveloped Dwellings.
Among some of the key issues which will need to be taken into consideration are:
- If the property is freehold or leasehold
- If there is a mortgage
- Whether your client company has a share in the management company.
At OGR Stock Denton, our experienced property lawyers can guide you through every stage of the procedure.
We are also available to advise accountants on the legal considerations should de-enveloping be something that a client of theirs is looking to pursue.
If you require further advice on the process, please visit our contact us page.