This Q&A considers whether the purchase price in a contract for sale of a property should be entered as the actual purchase price of the property (for example £400,000), or whether it should be entered as the actual purchase price of the property, but less the amount of the deposit given as a gift to the purchaser by the vendor (for example, if the vendor gave £50,000 towards the deposit on a property sold at £400,000, the purchase price would be entered as £350,000).