How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ash Your Own Question
Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
75100385
Type Your Law Question Here...
Ash is online now

I have some properties in UK with a ratable value but no prospect

Resolved Question:

I have some properties in UK with a ratable value but no prospect to get tenants in a fore sable future. In order to get rid of them years, I am signing 10 year leasehold contract with limited property. As the limited property won’t be able to pay the business rate, the council would bring the company to bankruptcy and the property would become the property during the next 10 years.
Will the council have the possibility the denounce the lease contract in court and bring the business rate liable to the landlord ?
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Alex Watts :

my name is ***** ***** I will help you with this.

Alex Watts :

No

Alex Watts :

Its a debt of the Limited company and not you.

Alex Watts :

Unless the Council have a personal guarantee it is and always will be a business debt

Alex Watts :

It will never become a debt to you personally

Alex Watts :

Can I clarify anything about this today please?

Customer:

If the limited company is connected to the landlord, would anti tax avoidance laws offer the opportunity to the council to have the lease agreement annulated ?

Alex Watts :

No

Alex Watts :

Thats to do with HMRC and the Landlord, nothing to do with the Council

Alex Watts :

Can I clarify anything else ?

Customer:

Thanks

Ash and other Law Specialists are ready to help you