Hello,
My adult son is moving to an area where we own one of our investment properties. We will be renting the property to him from early next year.
Need advice, please, on how to formalise this arrangement in a way that will satisfy the tax man - i.e. that still allows us to claim interest and other deductions against our incomes.
Will we still need to use a managing agent? Or is there some other DIY, downloadable lease we could use?
Thanks in advance,
H.
My adult son is moving to an area where we own one of our investment properties. We will be renting the property to him from early next year.
Need advice, please, on how to formalise this arrangement in a way that will satisfy the tax man - i.e. that still allows us to claim interest and other deductions against our incomes.
Will we still need to use a managing agent? Or is there some other DIY, downloadable lease we could use?
Thanks in advance,
H.