My sister and her husband are about to buy an investment property
It appears that the vendor might not have paid NPPR on the property, and my sister thinks that this liability will fall on them if they purchase the property.
My brother in law does not believe so, and he is inclined to move ahead with the purchase He believes the liability for previous years lies with the vendor, and so long as he and my sister register the property for NPPR once they own it, then they are fine .
My sister has asked me to ask here on this website whether they are (or might be) exposing themselves to an NPPR liability going back X-number of years if they purchase .
thanks for any comments
It appears that the vendor might not have paid NPPR on the property, and my sister thinks that this liability will fall on them if they purchase the property.
My brother in law does not believe so, and he is inclined to move ahead with the purchase He believes the liability for previous years lies with the vendor, and so long as he and my sister register the property for NPPR once they own it, then they are fine .
My sister has asked me to ask here on this website whether they are (or might be) exposing themselves to an NPPR liability going back X-number of years if they purchase .
thanks for any comments