Bad, I would think. Estate agents get work from sellers but only get paid when the buyer comes into the equation. More sellers (who are trying to bail from a falling market) would mean more work. Less buyers (who are waiting for the bottom of the market) would mean that there would be less payments coming in. More work for less money doesn't sound too good.kane3000 said:Would a crash be good or bad for them ?
Afuera said:whizzbang, I think your friend should ask to get that advice in writing from the Estate Agent.
Resident said:could be that their office is far from the house and they just couldn't be bothered doing the viewings.
lower hanging fruit etc.
kane3000 said:Would a crash be good or bad for them ?
So he rang up the Estate agent ...
asdfg said:I hope that your friend is making annual tax returns in relatiion to the profit on rental income. (Remember it is only the interest on the mortgage that is allowed plus other allowable expenses) See [broken link removed]
yep, first time buyer. ( didn't live there for 5 year first so he is liable stamp duty clawback if he admits it to the Revenue) how likely is he to get caught do you think? so far as I am aware the Revenue think he is living there on his own.asdfg said:I also take it that he did not pay stamp duty on the property. Revenue can charge heavy penalties and charge a fairly high interest rate charged on a daily basis.
ClubMan said:Who knows? How many bogus non resident account tax evaders assumed that they would never be caught?
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