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buying a council house
Comments
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If the property transfers into your name once the RTB discount period has expired and you don't live in the property, there will certainly be a capital gains tax payable upon selling as it would not be your principle private residence.
Im not a tax expert, above is my opinion only and nothing else!0 -
reading your replies this doesnt seem to be a good idea. thanks for pointing this out to me0
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you're bang out of order tbh - you're as bad as those who commit benefit fraud. Go do a proper job to earn some money.0
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Cool story bro :cool2:steviegee50 wrote: »i hope to gain a 1 bedroom house . thought it would be better to invest in property than put money in bank
i think i will get 60% discount so if house prices didnt rise i wouldnt see that as much of a problem
she gets a rent rebate so dont think she pays any rent
ive only 4 yrs left on my mortgage
it would be me that gets the mortgage and not the oap
the care home is the tricky question but to get a 1 bedroom for less than £20.000 as an investment for my retierment might be worth the gamble. also if she went into a home will i get some of my money back that i paid to yhe housepoppy100 -
Rent free !!!!!!!!!!
You are happy to pay for all repairs, new boiler etc
What about when the OT comes along and recommends level access shower, scooter store, hardstanding - will you stump up £10 - 15K for adaptations
She will have no security of tenure - she would be mad to go into a scam like this with you
What if she dies before the 5 year discount period is up
Bad bad idea - for both of youTotal debt at 01/01/2010 £34,262 (Excludes mega mortgage) Daily interest £12.42
02/10 Now £3.12 due to repayments, BT and :money:
Olympic challenge £5081/£28,000 (18.15%)
Aim to lose 35 lbs from 01/01/2010 to 30/06/10 9.5/35
1 debt in 100 days £2886/£38390 -
How can she get a mortgage in her name if she's on benefits?0
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