liteweight
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Not sure if I'm posting in the right forum but here goes.
If one owns a pre63 property and renovates/lives in it, it loses its Pre 63 status. Are there any circumstances where this is not the case.
A friend of mine did this. At the time he had the house re-wired etc. but kept each floor (3) seperate as he intended to rent out the middle and top floor. His circumstances changed and he has lived in the house as his family home for 10 years. He's now thinking of selling ...can he still advertise the property as Pre 63. I have no idea what being Pre 63 means but I presume it was the forerunner of Section 23?? I'm curious because my own house also had Pre 63 status.
If one owns a pre63 property and renovates/lives in it, it loses its Pre 63 status. Are there any circumstances where this is not the case.
A friend of mine did this. At the time he had the house re-wired etc. but kept each floor (3) seperate as he intended to rent out the middle and top floor. His circumstances changed and he has lived in the house as his family home for 10 years. He's now thinking of selling ...can he still advertise the property as Pre 63. I have no idea what being Pre 63 means but I presume it was the forerunner of Section 23?? I'm curious because my own house also had Pre 63 status.