My father is looking at buying an investment property to rent out as he feels that his money would be better off in bricks and mortar than in the bank.
He would like to rent it to me and my current housemate as he would rather have someone he knows in the property. My current lease is almost up and the property my father is interested in is on the same street.
However, I am on rent supplement so I am wondering if I would be able to claim it if this investment did go ahead and we moved into the house.
I saw the guidelines on the SW website and have asked my CWO, but she was quite vague and didn't say either yes or no.
It would be a bona fide tenancy and everything to do with tax, PRTB etc would all be above board. Obviously there wouldn't be a history of renting the property, although I would be sharing with a tenant who isn't a relative.
The way I see it, I have to live somewhere, while my father will have to rent this property...even to strangers if necessary. Does anyone have anymore information on this?
He would like to rent it to me and my current housemate as he would rather have someone he knows in the property. My current lease is almost up and the property my father is interested in is on the same street.
However, I am on rent supplement so I am wondering if I would be able to claim it if this investment did go ahead and we moved into the house.
I saw the guidelines on the SW website and have asked my CWO, but she was quite vague and didn't say either yes or no.
It would be a bona fide tenancy and everything to do with tax, PRTB etc would all be above board. Obviously there wouldn't be a history of renting the property, although I would be sharing with a tenant who isn't a relative.
The way I see it, I have to live somewhere, while my father will have to rent this property...even to strangers if necessary. Does anyone have anymore information on this?