AHA to FBT

[chipchap]

Depends very much on your circumstances, but....

Be very careful, get some good advice. You will be opening yourself up to FBT rents, not AHA rents, in 10 years time.

Your landlord will also benefit from 100% IHT relief with you on a FBT, rather than 50% relief on an AHA (I think)

If you’re on solid ground regarding the succession, offer to just take the ‘new’ land on a FBT and leave the rest on AHA

Generally speaking don’t give up a AHA tenancy lightly!!

The succession tenancy agreement will be dated later than 1995, so the landlord will get 100% relief your AHA succession tenancy.

 

[chipchap]

The landlord accepted the new partnrship as tenant in 93, so you have created a new tenancy with three successions

I think tenancies already in existence in 1981 got the three generations?
its 2 successions anyway.