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Houses on £250-£275k range, psychological barrier

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Comments

  • Tancred
    Tancred Posts: 1,424 Forumite
    edited 10 December 2013 at 1:45PM
    AndyGuil wrote: »
    Illegal now and will be checked by HMRC.

    Not 'kosher' to tie such a deal in the house purchase, but there is nothing to stop the buyer offering this separately from the house sale.
  • Tancred
    Tancred Posts: 1,424 Forumite
    movilogo wrote: »
    Chattel deal is often challenged by HMRC, sometimes after several months of the sale.

    £10k would probably be challenged. Up to £5k unlikely. HMRC have to prioritise their workload and it's not worth them chasing small amounts.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Tancred wrote: »
    Not proper to tie such a deal in the house purchase, but there is nothing to stop the buyer offering this separately from the house sale.
    As long as the value is reasonable. I wouldn't want to risk doing this to evade tax.
This discussion has been closed.
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