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!
Save £399,999 !!!!
Options
bribrian
Posts: 1,498 Forumite
in N. Ireland
Well you never know your luck...WORTH £1 ?
Not sure of the authenticity of this, but must surely be worth a small punt..What you reckon???????
Not sure of the authenticity of this, but must surely be worth a small punt..What you reckon???????
What if the Hokey Pokey really is what it's all about !!!
0
Comments
-
I heard about this on the local news. Makes me wonder why someone is willing to "give away" their house in a prize draw. Still, if they manage to sell all the tickets, they are well in
0 -
Also says if they don't sell enough tickets they will refund all monies. Could be a nice little earner in interest for them as no date for the draw is specified......But hey, what's a pound...........What if the Hokey Pokey really is what it's all about !!!0
-
AFAIK its illegal to hold a draw where you have to purchase something to enter. Entry must be completely free. Selling 'pictures for £1' to enter the 'FREE' draw is in breach of this.
Also if anyone were to 'win' this property they would be subject to capital gains tax, and would have to pay a hefty amount to keep the damn thing.
Sounds like a scam in any case anyhow.0 -
If you check the web site the house is work 400,000 but they are selling 500,000 tickets so he will be making 100,000 above what the house is worth...0
-
No capital gains tax on a win - would be on disposal of it though and your still well ahead!!0
-
This was done quite a few years back in Bangor. A house along the old Belfast Road was put up for sale by the builder ... the tickets cost £1 back then as well. I have no idea of the numbers but he supposedly made a tidy profit on it.
IvanI don't care about your first world problems; I have enough of my own!0 -
Hi, new to the boards and am a fellow NI money saver
Just a reply to BigAl
If this was his only house - he would get relief on the sale of it as it is his principal private residence and any profit made wouldn't be taxed.
This is my understanding of the CGT rules0 -
Hi Me_em_me
Welcome to the boards ... however can I just ask if there was possibly a little slip-ette with your phalangii and meta-phalangii as you entered your user name whereby the middle brace of letters somehow got switched?
IvanI don't care about your first world problems; I have enough of my own!0 -
Nope - meant that intentionally.
Have no idea why I did it though!0 -
Your right me-em-me, I meant that if a winner sold the property assuming they already owned a house, they would be liable for CGT0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards