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Selling House

Chucklebus
Chucklebus Posts: 1 Newbie
in House buying, renting & selling
Can I legally sell my house for £1 and then live in it for a peppercorn rent for the rest of my days?

Comments

  • teddysmum
    teddysmum Posts: 9,533 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sounds like a tax fiddle that you want advice over.
  • Browntoa
    Browntoa Posts: 49,620 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    or Asset Deprivation (Deprivation of capital ) to avoid care home fees


    epic fail if attempted
    Ex forum ambassador

    Long term forum member
  • csgohan4
    csgohan4 Posts: 10,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Can you sell it to me for £1 I promise I will give you peppercorn rent with a section 21
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yes, that's legally possible.

    There may be consequences though, and I'm guessing you haven't yet figured out what those are...
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Chucklebus wrote: »
    Can I legally sell my house for £1 and then live in it for a peppercorn rent for the rest of my days?

    Yes of course you can.

    Whether that will achieve the unstated aims you wish to achieve, is an entirely different matter.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Meet me at 11.13 this evening in the Burger King at the northbound Watford Gap services on the M1.

    I'll have the paperwork ready.

    I'll also have £1.

    (coffees are on you though).
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Chucklebus - where were you? I waited till 11.17.
This discussion has been closed.
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