Re: Re: Short selling


Garry – whatever is the official selling price of the property on the purchase contract will attract the 3% retention for non residents. If you have a private deal in sterling then you have to trust the buyer will pay it and it is illegal to do. A way around it is to have a figure for fixtures and fittings and that can be part of the sale in a separated part not attracting the 3%. However, selling a property for 50k with a furniture pack of 100k will raise eyebrows!