On Tue, 5 Aug 2003 21:15:43 +0100, "IMM" wrote:

Firstly, they have to prove it. Secondly, it is not an offence to sell at
what you agree a price on.

If you want to take on the Inland Revenue that's fine. But Gordon
Brown expects his tax take to be maximised at all times - and if you
appear to be defrauding him by doing shady deals then on your head be
it.

You can sell your home for £1 if you want - but don't be surprised if
the Inland Revenue supply you with a tax bill for 10's of 000's of
pounds based upon what figure the property should have realised in the
open market.

As others have suggested, this is tax fraud at work. Tax fraud means
that you can be sent to jail and lose all your worldly possessions. It
isn't simple tax avoidance where you are mitigating your affairs to
minimise your tax liabilities - tax avoidance is everyones right. Tax
evasion isn't.

Andrew

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