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Inherited a building

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By *almah OP   Woman
over a year ago

Shipley

Yes.Very large detached car park open planned, so space wise you have a blank canvas .Can put 2 more floors into it if one wished.Serious please, what wood you do with it.

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By *nnyMan
over a year ago

Glasgow

What are the licensing restrictions, if any?

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By *rystal Tipps - AlistairCouple
over a year ago

livingston

Rent it out and enjoy the benefits,

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By (user no longer on site)
over a year ago


"Yes.Very large detached car park open planned, so space wise you have a blank canvas .Can put 2 more floors into it if one wished.Serious please, what wood you do with it. "

I'd use strong wood

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By *iamondsmiles.Woman
over a year ago

little house on the praire

Take your meets there

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By (user no longer on site)
over a year ago


"Yes.Very large detached car park open planned, so space wise you have a blank canvas .Can put 2 more floors into it if one wished.Serious please, what wood you do with it.

I'd use strong wood "

::

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By (user no longer on site)
over a year ago

You could aways , invite offers from venture capitalists to submit tenders where they fund the risk of developing the property on a shared profit basis where you are a sleeping partner and any resultant increase in the property value from development yields a 50/50 return to both parties..

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By *nnyMan
over a year ago

Glasgow

With a bit of thought I reckon you have the makings of at least half a dozen tv programmes here - more if you don't mind incorporating a site accident requiring William Wales to arrive by helicopter and take the victim to A&E at King's College Hospital.

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By (user no longer on site)
over a year ago

There's plenty of money in carparks

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By *ce WingerMan
over a year ago

P.O. Box DE1 0NQ

Ah, there might be a short dead dude (king) under there

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By (user no longer on site)
over a year ago

There are a huge amount of variables and we don't know enough to answer really.

Do you have to pay inheritance tax on it? Can you afford to pay it, if so, without selling. Can you remortgage to cover inheritance tax?

Do you already own a property?

Can you rent it as is? I would be tempted to rent it out, save the rent until you have enough to cover any repairs that may come up. Think roof or boiler which could run into thousands.

You then have a 2nd income. It could be helpful as part of a pension plan. With time it's value will increase and could then be sold in future if something comes up.

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By *opping_candyWoman
over a year ago

West Yorkshire

Swingers club cos we have sod all up here!

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By *hérieWoman
over a year ago

North Wales

As Abi says, you haven't given enough information.

On the small detail I have, I would be looking to see if I could develop dwellings.

Good luck.

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By *odareyouMan
over a year ago

not far from iceland,,,,,, tescos is nearer though :-) (near leeds)


"There are a huge amount of variables and we don't know enough to answer really.

Do you have to pay inheritance tax on it? Can you afford to pay it, if so, without selling. Can you remortgage to cover inheritance tax?

Do you already own a property?

Can you rent it as is? I would be tempted to rent it out, save the rent until you have enough to cover any repairs that may come up. Think roof or boiler which could run into thousands.

You then have a 2nd income. It could be helpful as part of a pension plan. With time it's value will increase and could then be sold in future if something comes up."

You won t have to pay inheritance tax, thats liable by the estate if the total estate is valued I think in excess of £275.000 , if you sell it you re likely to be liable for capital gains tax, I think the total allowance is about £12,000 per year, I m pretty certain if its your main residence for more than 6 months you ll not need to pay this,

Best advice seek profesdional independent financial advice,

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By (user no longer on site)
over a year ago

See if the local council or NCP want to buy it....

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By (user no longer on site)
over a year ago

[Removed by poster at 10/08/13 19:11:05]

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By *nnyMan
over a year ago

Glasgow


"............Serious please, what wood you do with it. "

You could, of course, just sit back and wait for prices to rise.

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By (user no longer on site)
over a year ago

Check you havent got to pay ground rent or council tax on it.....

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By (user no longer on site)
over a year ago


" You won t have to pay inheritance tax, thats liable by the estate if the total estate is valued I think in excess of £275.000 , if you sell it you re likely to be liable for capital gains tax, I think the total allowance is about £12,000 per year, I m pretty certain if its your main residence for more than 6 months you ll not need to pay this,

Best advice seek profesdional independent financial advice,

"

I can just see her using the car park as her main residence

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