Give our Buy to Let away?Make Text Bigger
We purchased a house as a BTL in 2014 for £120,000. It’s now worth around £177,000 we only got the place so our daughter had some where to live after divorce
The mortgage owed now is £56,000, and we would like to give the house to our daughter and she get a mortgage for the £56,000 outstanding, she would (we think) end up paying much less per month.
Our daughter is now working full time an able to pay a mortgage instead of claiming HB for rent
what would the TAX implication be for us!
I am 65 and retired and 20% tax payer my wife does not work.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.