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buy house with online money

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  • theartfullodger
    theartfullodger Posts: 15,710 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What is online money please?

    Different from my online bank accounts?
  • MovingForwards
    MovingForwards Posts: 17,149 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    theartfullodger said:
    What is online money please?

    Different from my online bank accounts?

    Bitcoin probably, just to add another layer of trouble.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Scotbot
    Scotbot Posts: 1,535 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    davidmcn said:
    greatcrested said:
    James has gone quiet despite reading most of the comments above....
    Give it a couple of days and I'm sure he'll pop up again with another user name and yet another very similar scenario.
    Then he will write it all up in an article for a tabloid.  In the mean time some  answers may have been helpful to others
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Trading on eBay leaves a far more solid audit trail than a Del-Boy style business selling on the local market for cash only, because all the income will have to go through bank accounts and Paypal, and much of the expenditure too, if he is buying stock in bulk for sale.
    So, not necessarily a case of 'no income tax, no VAT, no money back, no guarantee'.
    No free lunch, and no free laptop ;)
  • theartfullodger
    theartfullodger Posts: 15,710 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    At least HMRC know all about eBay income so tax will have been paid or pursued for payment + fines shortly...
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    edited 11 July 2020 at 7:02PM
    It's OK, the troll OP's already bought a flat and is considering renting it... but not to riff-raff like the benefit lot.

    https://forums.moneysavingexpert.com/discussion/6167813/can-i-rent-out-my-flat-now
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