Commentary

B5.226 Method of financing sales of houses

Business tax
Business tax | Commentary

B5.226 Method of financing sales of houses

Business tax | Commentary

Sales of land with purchase price outstanding

B5.226 Method of financing sales of houses

In many cases builders sell houses on the terms that the purchaser pays a small sum down and obtains a loan of the balance of the purchase price from a building society. In the class of transaction in question the amount which is advanced by the building society to the purchaser is larger than the amount which the building society would normally be prepared to lend, and the difference between the normal amount of a building society loan on the house and the sum which

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