Xerriva - yes they are! HMRC reserve the right to "impute" a market value into any transaction they deem to be on unduly favourable terms. Tim.
MoneyWeekVideos 4 months ago
If you expected to die within 7 years, instead of gifting property, couldn't you sell it for £1? Or are HMRC smarter than that?
Xerriva 4 months ago
@Xerriva yeah, could you rig a false election or something and sell your assets to a find for an artificially low price?
JimBean0587 3 months ago
Xerriva - yes they are! HMRC reserve the right to "impute" a market value into any transaction they deem to be on unduly favourable terms. Tim.
MoneyWeekVideos 4 months ago
If you expected to die within 7 years, instead of gifting property, couldn't you sell it for £1? Or are HMRC smarter than that?
Xerriva 4 months ago
@Xerriva yeah, could you rig a false election or something and sell your assets to a find for an artificially low price?
JimBean0587 3 months ago