Author Topic: Www.winahouseindublin.com  (Read 2481 times)

Orchard park

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Re: Www.winahouseindublin.com
« Reply #15 on: December 29, 2018, 03:48:26 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 youíve offered dubious legal advice here



Nothing dubious at all youíll find. He poses a question about possible legal and tax implications. As Orchard Park has stated registration fees and stamp duty are payable. Thereís no immediate immediate tax implication but in the event of a future sale there is a potential tax implication. Iím not an accountant but thereís a potential tax liability on the sale of about 33% on the sale value. Thatís 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 thatís another question altogether.

Here,  howís the legal practice going these days?



CGT only on any increase in value above the 425k and not applicable on a primary residence...

It will be a nice "problem"To have for one lucky person anyways

manfromdelmonte

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Re: Www.winahouseindublin.com
« Reply #16 on: December 29, 2018, 04:03:34 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 youíve offered dubious legal advice here
Did you actually buy a ticket yourself

Rossfan

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Re: Www.winahouseindublin.com
« Reply #17 on: December 29, 2018, 04:44:24 PM »
He's been too busy running the Universe! ;D
2018- 2 Cupeens won, 2 to go.

David McKeown

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Re: Www.winahouseindublin.com
« Reply #18 on: December 29, 2018, 07:36:19 PM »
I didnít realise that asking a question about something thatís interested me for a while but on which I know nothing about constituted offering dubious legal advice. Maybe thatís how I did it previously? Because apparently this isnít the first time.  Thatís a question and should not be interpreted as a piece of legal advice.

Orchard park

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Re: Www.winahouseindublin.com
« Reply #19 on: December 29, 2018, 07:53:22 PM »
Only onev poster took it as such David.

My advise buy a ticket and hopefully have the issue to deal with first hand. It looks like c12500 tickets currently sold so what the final 24 hours brings in will be interesting
« Last Edit: December 29, 2018, 08:39:38 PM by Orchard park »

David McKeown

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Re: Www.winahouseindublin.com
« Reply #20 on: December 29, 2018, 08:34:09 PM »
Oh best of luck with it. I didnít realise it was still going.

Orchard park

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Re: Www.winahouseindublin.com
« Reply #21 on: December 29, 2018, 08:39:13 PM »
Tomorrow night at 9pm in the Hodson Bay

Rossfan

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Re: Www.winahouseindublin.com
« Reply #22 on: December 29, 2018, 11:49:09 PM »
If we nett over Ä750k won't we have done well?
All we need then is AIG to sponsor us...... ::)
2018- 2 Cupeens won, 2 to go.

Cunny Funt

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Re: Www.winahouseindublin.com
« Reply #23 on: December 30, 2018, 10:06:12 PM »
Lucan winner, those dubs win everything. Over 14k tickets sold.

Orchard park

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Re: Www.winahouseindublin.com
« Reply #24 on: December 30, 2018, 10:20:34 PM »
Guts of 950k profit...... A roaring success

Rossfan

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Re: Www.winahouseindublin.com
« Reply #25 on: December 30, 2018, 11:16:34 PM »
Mighty effort.
Congrats to the lucky winner and well done RCB and Clubrossie.
14,034 tickets sold.
2018- 2 Cupeens won, 2 to go.

stephenite

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Re: Www.winahouseindublin.com
« Reply #26 on: December 31, 2018, 07:53:10 AM »
Guts of 950k profit...... A roaring success

Jaysus - thatís a lot of coin, fair play to ye

Itchy

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Re: Www.winahouseindublin.com
« Reply #27 on: December 31, 2018, 09:29:34 AM »
Time to trade in the bus for a double decker?

magpie seanie

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Re: Www.winahouseindublin.com
« Reply #28 on: December 31, 2018, 11:10:32 AM »
That's a phenomenal success. Well done Roscommon.

Lar Naparka

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Re: Www.winahouseindublin.com
« Reply #29 on: December 31, 2018, 09:57:45 PM »
Guts of 950k profit...... A roaring success
Well done- it was a gamble I suppose but it was a case of fortune favours the brave.
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