If parent(s) loaning the money and not getting a mortgage does son still lose first time buyer status ?They would lose their first time buyer status, but I think that would be well worth it.
Brendan
I seem to remember the OP mentioning once before that he might be buying an investment property, that would be partly funded by selling shares. It might lead to issues in the suggested advice as mentioned. Then again, maybe not.If parent(s) loaning the money and not getting a mortgage does son still lose first time buyer status ?
If son is not home owner is rent from other two rooms tax free if under 14k ?As this would be your son's PPR for the next few years (or perhaps more) could he rent 2 rooms to other students @ €450 per room as suggested by the OP.
He does not need to be the home owner to rent rooms.
Yes, but only if its paid to son & not handed up to parent.If son is not home owner is rent from other two rooms tax free if under 14k ?
What the hell are you on about ?From reading a lot of the previous posts I wouldn't say there's any advice given on tax evasion, but I get the distinct impression that others are showing methods of tax avoidance. All well and good, but a touchy subject and no doubt someone will ask, "what the hell I'm on about".
How do I do a full legal mortgage?Could you lend the money to son and siblings to buy the house?
1) Capital gains would be tax-free
2) Rent would tax-free under the Rent-a-Room Scheme.
Do up a full legal mortgage so that they can't sell it and drink the proceeds.
Tax implication would be an annual gift of the interest on the mortgage assuming you don't charge any interest.
Brendan
How do I do a full legal mortgage?
When it comes to studies, parents would easily be spending/giving 10k+Yes, but only if its paid to son & not handed up to parent.
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