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tenant tax relief-is it true

pjproby · 2006-08-07 17:59:24

is it true that tax paying children can claim this relief while living with their parents? the parent is thus the landlord and presumably can rent out one room tax free-subject to certain conditions.

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07-08-2006 6:59pm

#1

pjproby

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is it true that tax paying children can claim this relief while living with their parents? the parent is thus the landlord and presumably can rent out one room tax free-subject to certain conditions.

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#2 07-08-2006 10:18pm
indiewindy

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Provided they pay a market rent to their parents they are entitled to claim this relief

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#3 08-08-2006 9:31am
kluivert

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Yes

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#4 08-08-2006 11:05am
ircoha

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however watch the effect on any social welfare payments that the parents are in receipt of, as the rental income, albeit tax free, may reduce the SW.

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#5 08-08-2006 9:58pm
gurramok

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As long as the rental income is below the rent-a-relief threshold which most are, its perfectly legal without affecting the parent who lives with the adult child.

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