Brendan Burgess Founder Messages 53,770 16 Jan 2017 #21 If your child pays you interest, it will be taxable for you and they will not get a tax deduction for it. So it's not a good idea. Brendan
If your child pays you interest, it will be taxable for you and they will not get a tax deduction for it. So it's not a good idea. Brendan
T Thirsty Registered User Messages 3,755 16 Jan 2017 #22 Interest being taxable income I can understand. But why would child not be able to claim tax relief? Its a mortgage same as any other.
Interest being taxable income I can understand. But why would child not be able to claim tax relief? Its a mortgage same as any other.
