Interesting..
Slightly off topic, but still relevant I hope.
So if I have Property A, presently rented and tax etc., paid on that income in the normal way.
Am I right in saying that I can (legally and legitimately) sell Property A to an adult child, with mortgage repayments to me over the next 20 years and those loan repayments are therefore not subject to tax?
Slightly off topic, but still relevant I hope.
So if I have Property A, presently rented and tax etc., paid on that income in the normal way.
Am I right in saying that I can (legally and legitimately) sell Property A to an adult child, with mortgage repayments to me over the next 20 years and those loan repayments are therefore not subject to tax?