Son starting college, should we rent or buy?

[Ravima]

consider buying in a student appartment complex?? you will buy 2/3/4 bed and will have income from the other beds. you could then sell after college.

 

[NoRegretsCoyote]

'm not sure I'd do the same thing again though it has worked out quite well for our daughter who still lives there with her husband and children who will shortly be going to college.

You need to look at the long term. For us to sell or even give it to her we would be looking at a huge chunk of capital gains tax.

You need to be careful about this as a tax liability could build up.

If the house is occupied for free or well below market rates your daughter is using up part of their lifetime CAT threshold. See [broken link removed].