Re: Re: Bargain-hunting Britons target cheap holiday homes

#111191
Anonymous
Participant

The banks have to get real first and lower the prices they are advertising at before other sellers lower theirs.
As logan says the tax charged on the sale will not be at purchase price but at the price the property was valued at peak so you could buy for £200k but pay tax on £400k that is a big difference and until this is looked at and changed i won’t be rushing to buy.
I think i will be waiting at least 2 years before i start to look,i am not doing it as an investment but as a retirement home but being 44 i am in no rush, but i want to get a place and make it how i want it which will cost and saving £200k worth of tax could help pay for that.