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HAP & Parents Second Home

  • 19-05-2021 8:33pm
    #1
    DubCount
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭


    If someone is approved for HAP, can they rent an investment property owned by their parents?

    I know you cant claim HAP if living in the family home, but what about a second home owned by your parents.


Comments

  • #2
    SupaCat95
    Registered Users, Registered Users 2 Posts: 899 ✭✭✭SupaCat95


    I dont think so.


  • #3
    L1011
    Registered Users, Registered Users 2 Posts: 71,186 ✭✭✭✭L1011


    Only if you were already a tenant of them (with proof of actual paid rent) before requiring HAP, unless rules have changed. It will not be given for a new tenancy.


  • #4
    Jizique
    Registered Users, Registered Users 2 Posts: 2,040 ✭✭✭Jizique


    L1011 wrote: »
    Only if you were already a tenant of them (with proof of actual paid rent) before requiring HAP, unless rules have changed. It will not be given for a new tenancy.

    Christ alive, the taxpayer is some mug; that this would even be considered is mad


  • #5
    L1011
    Registered Users, Registered Users 2 Posts: 71,186 ✭✭✭✭L1011


    Jizique wrote: »
    Christ alive, the taxpayer is some mug; that this would even be considered is mad

    It wouldn't be that common a situation that a genuine HAP claimant (income levels etc) would have a parent that owned a second property I'd guess.

    The landlord is going to have to be tax cleared regardless.

    In the days of rent relief there was far more concern of notional 'rent' being charged for relief purposes on rent-a-room; very easy paperwork fudge to create that - so that was banned.


    Excluding the option of HAP in this scenario would run counter to the fact that cannot now let your children live rent free in such a house - the market rent is considered a gift and falls under the lifetime CAT allowance, e.g. you may eventually have to pay tax on it and/or have no CAT allowance left if there's inheritance.


  • #6
    DubCount
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭DubCount


    L1011 wrote: »
    It wouldn't be that common a situation that a genuine HAP claimant (income levels etc) would have a parent that owned a second property I'd guess....

    This was really the origin of my question. If someone qualifies for HAP, finding a rental can be next to impossible. Where a parent has an investment property coming free but cant afford to be without the rental income from that property, there might be a solution to suit everyone. It wasn't meant as a cunning plan to swindle the taxpayer.

    Anyway, the answers given are quite comprehensive, so thanks for the time taken to post.


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