Rent free property
- Thread starter Twoflutes
- Start date
Might be relevant?
www.independent.ie
Will son and his girlfriend face a tax bill if we let them live rent-free in our second home?
We have a three-bedroomed semi-detached property which we have rented out for the past 18 years. The lease to the most recent tenants has now expired and we have decided to allow our son and his girlfriend move into the house.
www.independent.ie
Gift tax implications of allowing my son stay rent-free in an investment property I own
This is covered in today's Irish Times. https://www.irishtimes.com/business/personal-finance/how-does-revenue-view-adults-living-rent-free-in-parents-property-1.4543367 The [broken link removed] tightened the rules and now the only support parents are allowed offer adult children tax-free is...
www.askaboutmoney.com
Tax due if lived rent free in mothers house
Can anyone advise if there are tax implications if the beneficiary of a will has lived rent free in the house for a number of years? In this case the property was left in equal share to a number of family members. However one of them who was not working or claiming social welfare lived in the...
www.askaboutmoney.com
How to Declare free use of property
Hi Folks Take this scenario, nephew and his partner are living rent free in his aunts home since jan 2019, rental yield would be approx 2500 per month thus giving rise to tax, to note nephews gift tax threshold has been exhausted however his partner has never received a gift from her partners...
www.askaboutmoney.com
Tax on free use of property
Hi folks A little dilemna and looking for thoughts on scenario below Aunty very ill in nursing home, will not be returning home, aunties house is lying idle and lately falling into disrepair, graffiti appearing on front wall of house etc so serious concerns about break in/vandalism, aunty has...
www.askaboutmoney.com
CAT - Principal Residence Exemption & Living Rent Free
Hi Folks, Take this scenario, an uncle is in hospital in very poor health, will be unable to return to his only home and will be going into full time care, uncle has no children but has nephews, one nephew had been staying with uncle on occasion and helping with affairs as he was getting on...
www.askaboutmoney.com