Dec 09
15
BMV Buyer Beware!
By David Kyte
This article concerns Transfers of Undervalue property. Put simply, a Transfer at Undervalue occurs where a vendor enters into a transaction on terms that provide for him to receive an amount significantly less than the value of the asset. The issues which this article goes on to explain will therefore affect all investors within the BMV sector and in the current uncertain economic climate may become more prevalent.
A liability may fall on an investor for up to five years after purchasing a property at an Undervalue. Although it may be surprising, it is also possible that if someone else purchased the property at a price under market value and you subsequently purchased it from them within five years of their purchase then a potential liability may still fall on you. …
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