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a question re buy to rent
carefullycautious
Posts: 2,465
Forumite
How come these companies that buy property and rent back are allowed to give you such a reduced price. If you try to sell to relatives or anyone at such a low price you are immediately under suspicion from the tax peeps.
Some one put me out of my misery and tell me why it is ok to sell at a low price to sharks but if you wanted to help your relative out or maybe sell quickly you are jumped on by the tax people
Some one put me out of my misery and tell me why it is ok to sell at a low price to sharks but if you wanted to help your relative out or maybe sell quickly you are jumped on by the tax people
0
Comments
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It is down to whether you are selling to a connected party - for a tax advantage - or to an unconnected party - one of those shark firms, where clearly you are just desperate.
With the one you are after gaining an advantage, with the other you are screwed anyway.0
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