Sale of property/land considered?

Blackwater1 · Post by **Blackwater1** » Wed Apr 21, 2010 6:09 pm

Hi all,
Does it count as income/ profit?

arsenal49 · Post by **arsenal49** » Wed Apr 21, 2010 6:14 pm

yes, if thats your business!

fawzyyy3 · Post by **fawzyyy3** » Wed Apr 21, 2010 6:58 pm

hi,
if i registered as self employee and got a property overseas and when the extension for Tier1 comes, can HO consider selling of my property overseas as earning points?

thanks

Blackwater1 · Post by **Blackwater1** » Wed Apr 21, 2010 7:28 pm

Hi arsenal,
what if it is not my profession but it's my property and it's my investment/earning power of a great value and if I get profit by selling it then how does it matter whether it's a registered business or not!
I am currently in UK and would like to apply from my home country.I would get 45 points straightaway if I sell one of my real estate's which is on my name.
Regards.

pkumar · Post by **pkumar** » Wed Apr 21, 2010 8:04 pm

Let me know if you get Tier 1.

I was planning to call my father on Visitor visa ... but may be after your success i would rather do his Tier 1 (since he sold one of his flat in profit) ... :D

Blackwater1 · Post by **Blackwater1** » Wed Apr 21, 2010 8:13 pm

Thanks kumar for the reply.

pkumar · Post by **pkumar** » Wed Apr 21, 2010 8:46 pm

Sorry mate i did not mean to hurt you .... but i hope you got the zist .... and it is not your mistake ... because MANY things are not mentioned in Visa guidance and most of us interpret is as we like ...

Blackwater1 · Post by **Blackwater1** » Wed Apr 21, 2010 8:55 pm

No worries mate,I agree with you on that..it means I have to open a Tom/Dick/Harry estate agency and then show UKBA that I can make millions..birdbrains...gotcha

HSK Accountancy Services · Post by **HSK Accountancy Services** » Thu Apr 22, 2010 12:39 am

pkumar wrote:Let me know if you get Tier 1.

I was planning to call my father on Visitor visa ... but may be after your success i would rather do his Tier 1 (since he sold one of his flat in profit) ...

wellsaid. I must say our dear forum members have great imagination!

I read every day some new ideas here but this one got to be the best one!

fawzyyy3 · Post by **fawzyyy3** » Thu Apr 22, 2010 1:25 pm

hi,
if i registered as self employee and got a property overseas and when the extension for Tier1 comes, can HO consider selling of my property overseas as earning points?

thanks

Blackwater1 · Post by **Blackwater1** » Thu Apr 22, 2010 6:20 pm

yes..imagination turning into reality mate....time to show the might...Long live landlords!!!

Sushil-ACCA · Post by **Sushil-ACCA** » Thu Apr 22, 2010 6:29 pm

fawzyyy3 wrote:hi,
if i registered as self employee and got a property overseas and when the extension for Tier1 comes, can HO consider selling of my property overseas as earning points?

thanks

income from property r taxable and fit to get earnig points from ho if u able to prove that property was stock of yr business not ancentral property

Blackwater1 · Post by **Blackwater1** » Thu Apr 22, 2010 6:35 pm

Thanks sushil for the inputs...got my queries solved....process started.

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Sale of property/land considered?

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