J JJWilde Registered User Messages 13 10 Sep 2021 #1 For example, lets say you owed someone a lot of money (50k) , so a third party paid off the debt for you. In return you would let them have the use of an apartment you owned for a pre determined amount of time. Is that a gift, or a rental ?
For example, lets say you owed someone a lot of money (50k) , so a third party paid off the debt for you. In return you would let them have the use of an apartment you owned for a pre determined amount of time. Is that a gift, or a rental ?
R RedOnion Frequent Poster Messages 7,272 10 Sep 2021 #2 Technically it's a rental income, with the difference between rental value and 50k potentially being a gift.
Technically it's a rental income, with the difference between rental value and 50k potentially being a gift.