Providing for Widowed Mother - Tax issue

planer

Hi,

I bought a house for cash at the bottom of the cycle.

Meanwhile, my mother has been left widowed with no income other than small state pension.

Naturally, if I were to rent my new house and live at home with my mother, I would have to pay tax at the higher rate on the rent (doesn't leave much).

So this is my query:
Could I grant a free lease or license to my mother for my house, so that she could sub-let it, and in that way take the income at lower rate (or maybe tax-free depending on the thresholds)?

What would we have to do? Would revenue accept it?

This would almost restore her financial position.

It is an unusual/niche idea - any input appreciated.

Thanks

Mr. Incognito

Hi,

I understand that you want to help your mother but please read the charter.

Structured tax advice is banned. Seek professional guidance not the opinions of an Internet forum.

Thread closed.