renting out a shared house

C

cod78

Registered User
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8
Hi all.

I wonder can anyone advise me on my situation. I bought a house in 2005 with a friend. we bought with the intention of selling after a couple of years and then going our separate ways. Obviously that didn't work out but thats neither here nor there.

We were both first time buyers so we got TRS. Now we're thinking of renting the house out. Is anyone familiar with the tax implications. I've checked out that we don't have to pay the tax relief back but can anyone explain the other tax implications please. Any help appreciated.

Thanks,

Cod
 
id appreciate some advice in this amtter also,


I know we will loose are FTB Interest Relief,

But what are the other implications?
 
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