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You can't just buy a house with a suitcase full of cash these days, it's not possible. The gov will be asking where that money came from, to prevent money laund
by rvx80 6y ago
You can't just buy a house with a suitcase full of cash these days, it's not possible. The gov will be asking where that money came from, to prevent money laundering and to ensure it's not proceeds of crime. Whether not you agree with that, this is the situation.
The idea that somehow they'll let you buy something with Bitcoin without requiring the same level of disclosure is a complete fantasy.
- gambiting 6y agoWhile I think technically there isn't anything stopping you from buying a house with hard cash in the UK, I very much doubt that either side's solicitor would agree to it without extensive documentation as to where how and when you got that cash.
- rvx80 6y agoYes, for clarity I meant to say "you can't just buy a house with a suitcase full of cash and no explanation of where it came from". I'm sure it's possible, although almost certainly very much not really liked by your solicitor!
- riffraff 6y ago> You can't just buy a house with a suitcase full of cash these days, it's not possible I must point out I know a couple people who did that in Hungary in the last ten years, just because it seemed absolutely insane to me (cheques don't exist here, either..). I am reasonably sure this isn't that common though, and the government still tracks the transaction :)
- XorNot 6y agoI mean the only reason you own a house is because the government tracks the transaction.