New Posts For Thread: Right to Buy homes re-sold since 2000 made £6.4bn in profithttps://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profitA former council tenant bought their home under Right to Buy for £8,000 and sold it on for £285,000 nine days later - a £277,000 profit, the BBC found.The Solihull buyer was among 140 in Great Britain who bought and resold within one month, makingThen again Donny is opposed to the scheme.https://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556826213#556826213Then again Donny is opposed to the scheme.Thu, 14 Mar 2019 20:28:39 -0500Obviously an error as no way Donny would try to mislead us.DrC spot on. A great scheme btw for getting people on the housing ladder.https://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556826207#556826207Obviously an error as no way Donny would try to mislead us.DrC spot on. A great scheme btw for getting people on the housing ladder.Thu, 14 Mar 2019 20:27:38 -0500'Repaid discounts, which are calculated on a sliding scale depending how long the purchaser kept their home, were not included in data the BBC obtained on 92,000 sales across the UK.'donny must have missed this bit of the same piece.https://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556825845#556825845'Repaid discounts, which are calculated on a sliding scale depending how long the purchaser kept their home, were not included in data the BBC obtained on 92,000 sales across the UK.'donny must have missed this bit of the same piece.Thu, 14 Mar 2019 19:12:06 -0500this story doesn't sound right on a number of levels .I personally think it should be a 10 yr qualifying period and then 10 years spent as the owner after buying .... a 20 year process in other words . agreed Crippen,but then you are always goinhttps://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556823779#556823779this story doesn't sound right on a number of levels .I personally think it should be a 10 yr qualifying period and then 10 years spent as the owner after buying .... a 20 year process in other words . agreed Crippen,but then you are always goinThu, 14 Mar 2019 14:06:16 -0500Fake News innithttps://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556823419#556823419Fake News innitThu, 14 Mar 2019 13:00:51 -0500When I bought mine I had to keep it for over 3 years or face a penalty chargehttps://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556823413#556823413When I bought mine I had to keep it for over 3 years or face a penalty chargeThu, 14 Mar 2019 12:59:44 -0500I think people who own their own property are generally better citizens than those who don't.They're usually better workers, take pride in the appearance of their properties, and are more inclined to bring their kids up on the straight and narrow.https://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556823153#556823153I think people who own their own property are generally better citizens than those who don't.They're usually better workers, take pride in the appearance of their properties, and are more inclined to bring their kids up on the straight and narrow.Thu, 14 Mar 2019 12:26:44 -0500good old Maggiehttps://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556822947#556822947good old MaggieThu, 14 Mar 2019 12:07:01 -0500Sounds like inheritance tax saddo. If you give a gift then you have to pay a (decreasing) tax charge for the first 7 years (if death occurs within that period)https://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556820967#556820967Sounds like inheritance tax saddo. If you give a gift then you have to pay a (decreasing) tax charge for the first 7 years (if death occurs within that period)Thu, 14 Mar 2019 08:49:08 -0500It's not easy. You can't 'give' a property to anyone without registering the fact, and you can only give away a 7th per year without the recipient paying tax (I think).https://community.betfair.com/chit_chat/go/thread/view/94038/31513585/right-to-buy-homes-re-sold-since-2000-made-64bn-in-profit?post_id=556820581#556820581It's not easy. You can't 'give' a property to anyone without registering the fact, and you can only give away a 7th per year without the recipient paying tax (I think).Thu, 14 Mar 2019 07:42:03 -0500