John Lyon's Charity has expressed grave concerns regarding the Leasehold and Freehold Reform Act 2024, stating it could divert funds away from their charitable causes to affluent homeowners.
The charity reported that abolishing the marriage value has significant consequences, potentially jeopardizing up to 1.4 million annually in funding they traditionally receive from leasehold estates.
The impact of the new law on charities like John Lyon’s has not been sufficiently considered, risking their ability to provide 16 million in annual grants and support vital educational services.
John Lyon's Charity is taking legal action to secure exemptions under the new legislation, arguing that the wealth transfer to affluent leaseholders contradicts the intention of supporting community services.
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