coylemj wrote: » If you're permanently moving to the new place, the old home will no longer be your principal private residence so in theory you won't be entitled to tax relief on the mortgage payments. The tracker question depends on the Ts & Cs attached to the loan. From a financial perspective, you might be better off staying where you are and renting out the place you were left in the will though I realise that it's probably the family home and you'd now prefer to live there rather than put a bunch of strangers in it.
slig17 wrote: » How would it be know its not my principal residence if i don't rent it out?
coylemj wrote: » Because you're planning to permanently move into a different house. You can't claim that a house is a 'residence' if nobody lives there :rolleyes:
slig17 wrote: » Well it will be still full of furniture and stuff and we will be in at least once a week to keep an eye on it. will this do no?
No Dishonest Dealings. Don't ask how to get around repaying debts/defaulting/giving false information for loans etc - basically if it's not above board, and legal, it's not allowed. This includes advising posters to do it/how to do it.
Toots wrote: » Mod note: Please note that asking for advice on things that are legally questionable is not permitted Please read the charter for more info. OP if you are claiming TRS then you need to advise the bank and revenue that the dwelling is no longer main residence. "Popping in" once or twice a week to check on the place does not count as residing there.
