Re: House buying question

"Ronald Raygun" <> wrote in message
news:4B5sg.98713$
> Tim wrote:
>
>> "Tumbleweed" wrote
>>> a valuation is simply that, its not a sale price.
>>
>> And £120K in this case isn't an **open market** sale price, either!
>
> So what? If this is a nepotism-type deal, surely if the seller/donor
> transfers the house to the buyer/donee, with 4/5 of the notional value
> being sold and 1/5 of it gifted, no SD would be due because there is
> no SD on gifts.
>
> There would be evasion if there were a "private understanding" that the
> buyer would pay the seller the other £30k (or indeed *any* additional
> sum over and above the £120k) in some "unofficial" manner outwith the
> formal transaction, or if some other reciprocating gift of non-negligible
> value were envisaged.
>
> That, however, from my reading of what the OP's been saying, is not
> proposed - the seller here is apparently genuinely prepared to let the
> buyer have the house for a price 20% below valuation.

This is exactly true, there are no plans for any further payments beyond the
£120,000 wanted for the house.