Published 25/03/2016 | 02:30
Our property expert advises on the tax implications of renting to a family member and on how a Personal Insolvency Arrangement might help a person in arrears on a buy-to-let property.
Question: We are selling our large family home and will be buying a full duplex unit (i.e. the two-storey townhouse which we will live in, and the one bedroom ground floor apartment underneath it), with the proceeds costing 350,000 plus 240,000. We plan to rent out the apartment and our son has expressed an interest in taking it while he tries to save for a house deposit. We wouldn’t be comfortable charging him full rent, and don…
Read the full article at: http://www.independent.ie/life/home-garden/home-economics-answering-your-property-questions-34569857.html