There is no purchase tax on holiday lodges in the UK.
You save 5-6% on SDLT purchasing a lodge instead of buy-to-let residential apartment.
All deals are going through UK solicitor firms that must be licensed and registered with SRA – Solicitors Regulation Authority. You may use a recommended solicitor or choose your own.
There is no Income Tax on the first £12,570 of your annual income.
If your income exceeds this amount, you may get capital allowances on the lodge due to it being classified as caravan according to HMRC regulation.
Tenure – Leasehold 250 years
Most developers sell their lodges on a site licence, which means your ownership is not registered anywhere. When you invest with Liv Lodges, you get a 250 lease on the land and Title Deed from HM Land Registry to confirm your ownership.
- £5000 deposit at reservation
- 100% minus reservation deposit at completion
Currently there are no mortgages available, cash purchase only.