Raffling your home to raise funds: A notion too good to be true?

Could you make more money than on the open market and what are the tax implications?

Raffling has also become a tool to raise money for charities and sports clubs,

Raffling has also become a tool to raise money for charities and sports clubs,

A house in the sunny southeast; concert tickets; a freshwater pearl jewellery set; a Nissan X-trail vehicle – these are just some of the prizes currently on offer in raffles around the State.

You’ll probably have seen the ads on social media, newspapers – even banners in towns around the country. Raffling off homes and other assets – either as a means of “selling” them, or to raise funds for charitable causes – has become increasingly popular.

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