I have inherited a property along with my 2 cousins worth 45k in total. I intend giving them 15k each and having the property transferred into my name. I was going to renovate the property and intend selling it at around 85k asap. As the property is not lived in, and I live abroad in a rented property living on savings, would I need to pay council tax and how long after it being transferred would I have to start paying (if at all). Thankyou
Province/Country relating to question : United Kingdom
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From what you say the property would be empty and you would be carrying out major renovation work on the same prior to sale please?
No. I would in fact be buying my cousins share off them prior to me renovating the property so I would be doing the work and gaining the results. But I do not work at the moment either in Spain nor the UK. I am totally living off savings.
I have paid all my taxes before leaving the UK and am now registered as a resident of Spain.
Thanks. An unoccupied home is exempt from council tax for up to six months whilst awaiting probate. From the point you acquire the property, you could apply for an exmption for up to 12 months if it is undergoing major repair work or structural changes.
You can apply for an exemption using this form:
Many thanks for your assistance. I will call on you again if I have any further questions.
LL.B (Hons), Prof Dip Law & Practice. 9 years experience in private practice in England
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