Hmmmmm

Pobby

In a street by me the last house sold in 2003 for £99,500. In June last year another one came on the market and it needed gutting. Was bought for £83,000. The new owner is a serial landlord and did a nice job of refurbing. It sold in December last year for £135,000.

The odd thing is that the original land lord is still visiting the rented out house. Could this be a tax thing?

Running_Horse

Why not ask him?

Glad you're not my nosy neighbour.

Jowo_2

We had a couple of property developers who bought a property in our block through their limited company and refurbished it, then purchased it themselves as private individuals for an extra £40k on the original purchase price and moved in.

An optimistic scenario is they they did this to release funds for their next project. A cynical scenario is that as their limited company became insolvent shortly after without submitting any accounts, they've managed to refurb their personal property for free and protect the property from the creditors because it is no longer owned by the company.

In the case you outlined, perhaps the original landlord did something similar or perhaps the person they sold it to wanted them to manage the rental or perhaps they know the tenants and its a social call - landlords are free to let property to relatives. If your curiosity is insatiable, just buy the ownership details from the land registry.

tbs624

Pobby wrote: »

I.The odd thing is that the original land lord is still visiting the rented out house. Could this be a tax thing?

It could, of course, be nothing more than a lurve thing with the current occupant.............;)

not_loaded

Or perhaps they're an MP?

poppysarah

Could well be a tax dodge. Who you going to call? taxbusters!