i bought a property 3 year ago and am letting my son and his wife live in it rent free is there any tax implications on this. i paid stamp duty on it when i bought it also.
Is it a section 23 or Tax based investment property ?? Cos it you intended collecting rent at a later date, the rent from a family member won't work -- not allowed. Or if you intend to claim the interest against your Tax it won't work either.