I am sure in the old days, when buying a house, people would offer say £100k for the house (when houses used to be much cheaper...) and £2k for the carpets and curtains. presumably to save stamp duty. I distinctly remember my parents doing something like this when I was of course a very young child in the eighties....
And then this pretty much stopped.
Presumably some loop hole was fixed so this did not work any more. Does anyone recall why this stopped? I have a vague memory of there being a reason.
I have a client selling a second home fully furnished. Actually it is abroad so stamp duty is not an issue, but if they split the proceeds between furniture and house, then presumably we can use just the house price for the cgt comp and no tax would be due on the furniture sale (as long as the split is fair, clearly).
Or is there some reason why this does not work?