adding kitchen and renting rooms

seven-day-weekend

Why don't you just arrange to use the kitchen at different times?

holly_hobby

If they are also deemed as tenants (ie have their own private arears) and not lodgers (essentially reside there with unrestricted access), you would also open yourself up to CGT on sale, on a proportionate basis (ie 50% if the use of property is self contained and equally split on this basis).

You would also need the permission of your mge lender for tenants (not lodgers), and any permanent conversion of this nature (ie adding kitchens) - whereby they may remove you from residential rates. (but the units pictured above may avoid and deal with that, assuming that they don't need to be permamently installed), additional 2nd perm kitchen would also make it impossible for onward sale if the buyer requries a residential mge, unless you removed it.

All in all, you can see that there are several issues (inc tax) that you should bottom out before you go down this route.

Hope this helps

Holly

cowsnhope

Thank you Holly Hobby. I think I am well advised not to do this. Am glad I asked :-)