Sugarlump
|
Yes you can but the Inland Revenue will want to know and any purchaser of the property will fill in (or their solicitor on their behalf) what is called Form SDLT1 in which the Revenue ask the question "has the property been sold at an under-value" and they will also ask on the form whether the purchaser and seller are connected in any way. |
|
snetterton
|
Yes of course. You can sell it to me for 20p if you like. |
|
minty359
|
yes you can |
|
Summer Rain
|
I would presume you can sell for whatever price you like as long as it isn't less than your mortgage, if you have one. |
|
Me
 |
Yes. Of course, you'll be charged taxes on the transaction (if applicable) for the full VALUE of the house, not just the sale price. |
|
fat tart
|
I would say- absolutely. It's your house, so it's your choice. |
|
frankie b
|
You could sell it for a dollar. You could give it away if you would like. |
|
lph427
 |
you can sell your home - meaning your place of permanent residence - for as much as you like although a price much lower than the market estimate may look suspicious to the relevant authorities. The answer is to sell for full price on paper but only take the actual agreed figure, i.e full market value 100k, agreed figure 50k - the buyer gives 50k cash and 50k "promisory note" to be redeemed at will by seller - this may mean never ! check with a solicitor for confimation of this being allowed. |
|
taxed till i die,
 |
It is your property you can sell it for as little as you like,You can sell it for £1.oo if you want. |
|
lynn j
 |
of course you can you can sell it for whatever you want!! its yours!! |
|
pinkchiq2
|
you can sell it for more or less than its value or give it away, aslong as the legal documents are drawn up and signed! |
|
king_of_hyrule
|
Yeah, you can sell it for whatever the hell you want. I'll buy it for $1. |
|
aout
|
You can sell it for whatever you want. If you're not finished paying the mortgage, you need to though. |
|
alatoruk
|
you can sell it for £1 if you want.
however the tax man might see it as a way of avoiding some tax or other and class it as a gift. |
|
gorilla
|
Yes, but if you are doing this to reduce your IHT bill, then you will find the revenue add the real value to your estate if you die within 7 years. The 7 year rule could potentially be much longer given the new gifting rules so see an IFA about this so you or rather your beneficiaries don't get their fingers burned. There is also the issue regarding stamp duty. If there is any suggestion you are trying to avoid any form of tax, the revenue will jump all over you. |
|
Hello
|
Of course you can.You can even give it away for free,well then there's the charges(land registry/solicitors etc:) |
|
X_Angie_p_X
 |
yuou can sell your house for a pound if you want to.....its yours |
|
Grand pa
|
Check with taxation dept. |
|
nutshell
 |
You can sell your house for whatever price you are happy with ... |
|
D B
|
you can but inland revenue can charge them tax on the £20,000 as unearned income. However, you could always sell it to them for the full value and then give them cash gifts fro Chritmas & Birthdays for the untaxable limit for the next few years until they have had the £20,000 worth. |
|
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
