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Renting off your parents

oldtool
oldtool Posts: 6 Forumite
in Bankruptcy & living with it
My daughter is going to declare herself bankrupt can she rent a property of me and what will be the offical receivers take on this

Comments

  • egrescrimp
    egrescrimp Posts: 573 Forumite
    Does she have a tenancy agreement and does she pay a fair rental price?
  • thelionel2000
    thelionel2000 Posts: 59 Forumite
    Hi, I am BR and rent a flat from my Dad, before I went BR we did not have anything in place like a tenentcy agreement so just printed one off just to confirm the rent patment.
    The Judge did not look at the agreement but did send a copy th the OR.
    It also does help having something in place.
  • oldtool
    oldtool Posts: 6 Forumite
    egrescrimp wrote: »
    Does she have a tenancy agreement and does she pay a fair rental price?
    We will have a agreement drawn up and she will be paying the market price i need the money
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    will you be declaring the income on your tax return?
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • oldtool
    oldtool Posts: 6 Forumite
    debtinfo wrote: »
    will you be declaring the income on your tax return?


    Hi i will be declaring the income on my tax form, i retire in 2015 and i might pay the house off with a pension.
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