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Pension instead of BTL to save on tax....

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    #11
    Originally posted by AtW View Post



    So we have hot property market and nobody would like to buy it?
    The property is either in a tuliphole where the only tenants are those on benefits or the property is in an expensive area.

    In both cases you can rent the property out but it doesn't mean someone wants to buy it.

    In the tuliphole it's because no one who owns a property would live there and in the expensive area it's because no one who can afford to live there would buy such a small property.
    "You’re just a bad memory who doesn’t know when to go away" JR

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      #12
      Originally posted by SueEllen View Post
      The property is either in a tuliphole where the only tenants are those on benefits or the property is in an expensive area.
      There is a market price in both cases, just one can't expect to sell property in tuliphole area for price of expensive area, that's all.

      Originally posted by SueEllen View Post
      In both cases you can rent the property out but it doesn't mean someone wants to buy it.
      I used to rent a house in a tuliphole area of Wolverhampton and that property was owned by next door neighbour - immigrant from Pakistan who came to UK in 50s or maybe 60s.

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