There have to be some characteristic over and above the intended tenants to make a property one that is residential accommodation for college students. For example, a block of flats may have a planning restriction that means that they might only be let to college students. It is value noting that, as defined in the greater rates part of the steerage, the acquisition of a non-residential property that features a dwelling isn’t chargeable to higher residential property LTT rates and bands. However this doesn’t stop the dwelling a part of that acquisition being subsequently taken under consideration as a dwelling when assessing how many dwellings an individual holds for the needs of the higher charges guidelines.
This property is prone to be appropriate to be used as a dwelling and chargeable to the residential rates of LTT. It has an old style kitchen and bathroom suite which required modernising. There … Read More