GarryP

Can anyone how the valuation on the TAPU is established and who by?


Also, if a lower value is put down on the TAPU what are the dangers in doing this?

As far as I can see, the advantages are primarily as a tax dodge with a lower Estate tax liability for both you and the developer. However the authorities mike catch up with you in the medium to long term.
The disadvantages are perhaps complications if you make an insurance claim, how about a larger capital gains tax liability in the UK if you were to sell the property. i.e. in establishing any capital gain, do you take inot account the TAPU valuation or your actual purchase cost ?

Thanks