NoRegretsCoyote
Registered User
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I don't think this should put your mind at ease either way. Both the vendor and yourself have a potential tax liability for different reasons and him being relaxed doesn't necessarily mean you should be.I was really worried sick but I had a quick call with the vendor earlier. He told me that there's no need to panic at all and that he'll go through all the details when he gets back from his holidays. What a relief. I hardly slept the last couple of nights.
I agree with @T McGibney on this - you should seek specialist advice from a tax adviser and/or solicitor.