Posted by: John | January 13, 2009

Perpetual Yearly Rentcharges

I have a basic knowledge of these – I have one on my Freehold house for £2.50 a year. Does anyone know why these exist, whether there are any tax breaks for those that hold them (ie the proprietors) or whether or not there is any legal impediment for a policy that just scraps them.

This would be for those without a purpose (though I fail to see why the CofE should have the charges they do on properties in certain parishes) ie as in my property dated 1900.

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