What happens when the Leaseback period comes to an end?
A. As How long am I contracted into the leaseback scheme? above, you are contracted for a term of 9 years. At the end of this period the term is automatically renewed for a further 9 years. At the end of this 18 year period you retain freehold of the property and are free to do with it as you wish. Bear in mind that VAT has to be amortised over 20 years, therefore if you sell at the end of the second period you will have two years VAT to pay.
