Author Topic: Www.winahouseindublin.com  (Read 2483 times)

Orchard park

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Www.winahouseindublin.com
« on: December 27, 2018, 09:15:31 PM »
The biggest GAA fundraiser ever In Roscommon and possibly nationally finishes up on Saturday night with the draw for the  425k house.

Worth a flutter at 100euro

Rossfan

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Re: Www.winahouseindublin.com
« Reply #1 on: December 28, 2018, 09:31:36 AM »
Well done to one and all.
Now let's get cracking on the works at Hyde and Runnabracken.
2018- 2 Cupeens won, 2 to go.

David McKeown

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Re: Www.winahouseindublin.com
« Reply #2 on: December 28, 2018, 09:31:02 PM »
Not meaning to be a begrudger by any stretch of the imagination but I always wondered about these types of things. Particularly in the north. If you win a house do you not still have to fork out the considerable stamp duty. Moreover do you not end up with a hefty tax liability to the point where the prize is far lower than what it cost the organisers in the first place.

Itchy

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Re: Www.winahouseindublin.com
« Reply #3 on: December 28, 2018, 09:34:16 PM »
Why didn't they raffle a house in Roscommon

laoislad

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Re: Www.winahouseindublin.com
« Reply #4 on: December 28, 2018, 09:49:39 PM »
Why didn't they raffle a house in Roscommon
No one would have bought a ticket.

LooseCannon

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Re: Www.winahouseindublin.com
« Reply #5 on: December 28, 2018, 11:44:31 PM »
Why didn't they raffle a house in Roscommon
No one would have bought a ticket.
Itchy wouldn’t buy one either way. #Cavanman 😂😂

RedHand88

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Re: Www.winahouseindublin.com
« Reply #6 on: December 29, 2018, 12:10:29 AM »
Why didn't they raffle a house in Roscommon

1st prize: £100
2nd prize: Meal for two
3rd prize: A house in Roscommon

Rossfan

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Re: Www.winahouseindublin.com
« Reply #7 on: December 29, 2018, 02:56:29 AM »
Don't give up the day job
2018- 2 Cupeens won, 2 to go.

Orchard park

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Re: Www.winahouseindublin.com
« Reply #8 on: December 29, 2018, 11:30:55 AM »
Sunday night.....not Saturday night my mistake...


Rossfan

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Re: Www.winahouseindublin.com
« Reply #9 on: December 29, 2018, 11:50:12 AM »
Why didn't they raffle a house in Roscommon
No one would have bought a ticket.
How are things in the under achieving lower reaches?
2018- 2 Cupeens won, 2 to go.

Orchard park

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Re: Www.winahouseindublin.com
« Reply #10 on: December 29, 2018, 11:59:33 AM »
Not meaning to be a begrudger by any stretch of the imagination but I always wondered about these types of things. Particularly in the north. If you win a house do you not still have to fork out the considerable stamp duty. Moreover do you not end up with a hefty tax liability to the point where the prize is far lower than what it cost the organisers in the first place.

Only stamp and legal fees to vevoaid by lucky winner here... No tax liability at all..

Its a 425k market value house, a huge response to date and I imagine last minute sales will be huge.... shoukd clear 750k profit

Syferus

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Re: Www.winahouseindublin.com
« Reply #11 on: December 29, 2018, 12:54:12 PM »
Not meaning to be a begrudger by any stretch of the imagination but I always wondered about these types of things. Particularly in the north. If you win a house do you not still have to fork out the considerable stamp duty. Moreover do you not end up with a hefty tax liability to the point where the prize is far lower than what it cost the organisers in the first place.

Not the first time you’ve offered dubious legal advice here

brokencrossbar1

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Re: Www.winahouseindublin.com
« Reply #12 on: December 29, 2018, 01:07:15 PM »
Not meaning to be a begrudger by any stretch of the imagination but I always wondered about these types of things. Particularly in the north. If you win a house do you not still have to fork out the considerable stamp duty. Moreover do you not end up with a hefty tax liability to the point where the prize is far lower than what it cost the organisers in the first place.

Not the first time you’ve offered dubious legal advice here

Nothing dubious at all you’ll find. He poses a question about possible legal and tax implications. As Orchard Park has stated registration fees and stamp duty are payable. There’s no immediate immediate tax implication but in the event of a future sale there is a potential tax implication. I’m not an accountant but there’s a potential tax liability on the sale of about 33% on the sale value. That’s pretty substantial. There also have been a number of test cases in England and the north about the ability to actually have a house as a prize in a raffle like this as there are questions under the gaming legislation about the ability to transfer an asset of this nature but that’s another question altogether.

Here,  how’s the legal practice going these days?

RedHand88

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Re: Www.winahouseindublin.com
« Reply #13 on: December 29, 2018, 02:00:33 PM »
Not meaning to be a begrudger by any stretch of the imagination but I always wondered about these types of things. Particularly in the north. If you win a house do you not still have to fork out the considerable stamp duty. Moreover do you not end up with a hefty tax liability to the point where the prize is far lower than what it cost the organisers in the first place.

Not the first time you’ve offered dubious legal advice here

It's a valid question and one which I've always wondered. Stanp duty is what, 1% of the house in the north? What about rates etc?

Rossfan

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Re: Www.winahouseindublin.com
« Reply #14 on: December 29, 2018, 03:05:57 PM »
No rates in the 26.
LPT based on 2013 market values for existing houses -not sure about new ones.
Stamp duty 1% of value AFAIK.
But sure don't mind me-just ask the childeen who knows everyrhing ::)
2018- 2 Cupeens won, 2 to go.