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Parents renting to their children

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  • 01-09-2008 9:14am
    #1
    Spike440
    Registered Users Posts: 527 ✭✭✭


    If a parent buys property are there any advantages to renting it to their children or even just letting their children live in it? I heard before that it can be advantageous to do so.


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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,279 Mod ✭✭✭✭The_Conductor


    Spike440 wrote: »
    I heard before that it can be advantageous to do so.

    How?
    Its not their PPR, and unless its a registered tenancy (Part 4 or otherwise) as per the Residencial Tenancies Act- they are treated as investors from a stamp duty and mortgage interest relief perspective. Most of the loopholes relating to parents and children (or siblings/other close relations) were closed off in the 2004/2005/2006 Finance Bills.

    If you are aware of advantages (other than free accommodation for the children), please let us know.


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