Patf Posted February 20, 2005 Share Posted February 20, 2005 More houses for sale? The reason could be that the Inland Revenue, following a recent test case in the house of Lords, can now treat people who have bought abroad as a company ( to avoid inheritance problems etc) as employees of that company. They can be taxed on these homes as benefits in kind. Based on the property's rental value, possibly 8% of the market value. So some people in this situation are selling up. If they wait until next year they could transfer the property to be held in their pension fund. ( don't understand how this works.) Information from last week's Sunday Times Money section. Pat. Link to comment Share on other sites More sharing options...
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