£1M house now only £25

[AtW]

What about stamp duty if you buy a £950K house for £25?

Sounds like blatant evasion of taxes tbh, I think HM R&C are just waiting for the pot to fill up before busting it, they will probably wait for those 2 to sell house for "£25" and them do them for tax evasion (40% income tax seems the bare minimum they'd have to pay).

[VectraMan]

What about stamp duty if you buy a £950K house for £25?

[AtW]

Ok, they might do "legit" lottery, but surely they would not be able to consider it payment for the primary house which is tax exempt? Effectively they will have earned £1 mln and will surely have to pay 40% tax on it? If HM C&E are not interested then it would be wrong on so many levels...

[PRC1964]

They were on BBC Breakfast a couple of weeks back. I think they had done everything in a legit way, and said they'd turn it into a cash lottery if they didn't raise enough to buy the house.

The bloke seemed quite keen to tell the nation that you "can walk around naked if you want". His wife seemed a bit embaressed.

Damn, I've just looked on Google maps satellite and I can't see any nudes. I demand compensation.

[VectraMan]

They were on BBC Breakfast a couple of weeks back. I think they had done everything in a legit way, and said they'd turn it into a cash lottery if they didn't raise enough to buy the house.

The bloke seemed quite keen to tell the nation that you "can walk around naked if you want". His wife seemed a bit embaressed.

[Moscow Mule]

They've done it legitimately as far as I could see. You have to answer a question that requires specific knowledge and they have picked a reasonable one. Nothing to stop you going away and looking it up of course, but the gaming laws were drafted before the days of t'interweb thingy.

Worth a punt if you ask me, and better odds than the lottery.

The test of these questions is if anybody can get it wrong (such as the ITV4 quiz call type rubbish that's on late at night).

If they accept an answer that's wrong and still take you're £25 they should be fine.

[DimPrawn]

I hope the house is better than their "MySpace" page.

http://profile.myspace.com/index.cfm...ndid=405240383

[DaveB]

No. I expect they'll be receiving a court summons shortly.

Game of pure skill is allowed, but not lottery based predominently on luck.

They've done it legitimately as far as I could see. You have to answer a question that requires specific knowledge and they have picked a reasonable one. Nothing to stop you going away and looking it up of course, but the gaming laws were drafted before the days of t'interweb thingy.

Worth a punt if you ask me, and better odds than the lottery.

[PRC1964]

No. I expect they'll be receiving a court summons shortly.

Game of pure skill is allowed, but not lottery based predominently on luck.

OK then, for a chance to win my six bedroomed house, answer this tricky question:

How many berooms does my house have?

a) 1
b) 6
c) Andy W

Send your entry to PRC Towers along with a cheque for £25 to cover my expenses.

The winner will be be drawn from a hat once I've collected £1.5 million.

[DimPrawn]

Did they obtain proper lottery license to do stuff like this?

No. I expect they'll be receiving a court summons shortly.

Game of pure skill is allowed, but not lottery based predominently on luck.

[AtW]

Did they obtain proper lottery license to do stuff like this?

[TykeMerc]

I've heard of this sort of thing happening before, I believe that it's been known to pay off well for the people "selling".

[DimPrawn]

http://www.guardian.co.uk/money/2008...ty.houseprices

A five-bedroom house, complete with 9.5 acres of woodland, a two-acre fishing lake and four separate two-bed holiday lodges - one lucky person will win it all for £25. The owners, Brian and Wendy Wilshaw, will be winners too.

Last year they were struggling to sell the property, marketed at £950,000 just as the housing slump took hold. It had few viewings, and no offers.

But after launching an online prize competition at the website winadevonpropertywithfishing.co.uk, they've sold 34,000 tickets - that's £850,000 - and are in sight of their 46,000 target.

Well, sort of.