We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
E: 01/09 Win Dream Cottage worth £320,000 New Code Daily
Options
Comments
-
Complete random as i am entering this comp, how can they advertise a house thats still available for sale and viewings?0
-
Thursdays password is
owl
Bringing the Comp link over:
http://www.dailymailoffers.co.uk/dreamcottage/#StaySafeWishing you a Merry Christmas and a happy, healthy New Year0 -
If one of us won this and sold it straight away, would we have to pay capital gains tax?Wins 2011 so far: £50 Toy Voucher, Paul Blu Ray
Wins 2010: 10 (total value £3800ish)
Wins 2009: 10 (total value £3200)
TWBM in 2011: ITV win, IPAD, PS3, 42"+ TV0 -
If one of us won this and sold it straight away, would we have to pay capital gains tax?
Yes, you pay capital gains tax on the sale of any property that is not your main residence. But you do have a small capital gains tax allowance every year - sorry - it's changed recently I think and I don't know what it is - but if you are part of a couple, then you each have an allowance for CGT and so it pays to have any property in 2 names.
EDIT : Just found out HERE allowance is £10k per person for this financial year.0 -
Fridays password is
harvest0 -
You don't pay tax on comp wins. If you sell it straight away the house wont have appreciated since you won it, therefore no tax to pay.0
-
You don't pay tax on comp wins. If you sell it straight away the house wont have appreciated since you won it, therefore no tax to pay.
Sorry I disagree.
Whilst the prize itself is tax free once you sell you generate a capital gain ergo you could be liable for capital gains tax."The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."
Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)0 -
28 answers for me2x £5 JD Voucher
I want my Sledge Book & DVD0 -
itsinthemail wrote: »I have been watching for a winner of the french cottage, and just searched again without finding one, so I've emailed them. I've not found them to be very proactive about replying, but if they do I will post again.
someone mentioned the winner was of french cottage was a french woman! there's some info on previous winners - and supposed winners (and history abt how unwilling daily mail has always been to publicize winners of their big comps in the game over forum
link is here
https://forums.moneysavingexpert.com/discussion/23469570
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards