Property News · November 12, 2018

Should I give my daughter a loan to buy the home she rents from me?


I won’t need the rental income once I start getting my state pension in six months’ timeQ I am 64 years old and a homeowner, but I also own a second property worth around £180,000, which I bought with an inheritance. I rent this house for a modest sum to my daughter. She is a mature student who is finishing university this year and hopefully will soon move into full-time employment.I pay no tax at present, but when I reach 65 in six months’ time I will receive my state pension, which, taken together with the rental income, will push me over the personal tax allowance. Continue reading…

Source : theguardian.com
Read more…Should I give my daughter a loan to buy the home she rents from me?

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