Retired parents renting their house from me and cannot afford to pay

Bluebirdman_of_Alcathays

mumps wrote: »

He wouldn't need to pay tax anyway, I'm pretty sure if he claims for the interest on the mortgage there wouldn't be a tax liability so no reason not to declare it.

I know. My point was it's rent he is receiving in return for shelter, not pocket money.

G_M

My eyes have been opened! I now understand and it's........ brilliant!

I shall no longer give my 'tenants' tenancy agreement.

In future I shall let them live in my property rent-free.

I can then forget all that troublesome business like annual gas checks, tax declarations, and documentation like the ridiculous new 'how to rent' leaflet.

I shall simply suggest that they transfer a 'gift' of £xoo per month to me.

And if they miss a monthly gift, well, no problem - they are not tenants so have limited rights and I can evict them tout suite. No troublesome S21 Notices or court possession orders. Life is sweet!

Thank you so much OP!

michael1234

HI

There may or may not be issues with the OP's view on the legal and taxation part of his questions. Clearly many of the respondents seem to relish in pointing them out.

The problem I have is it would appear he does have a genuine problem and has asked genuine questions.

Morally, and perhaps even legally in some aspects, what he is doing is a million miles away from being a rogue landlord and does not deserve to be treated as such on a forum such as this.

My guess is (and I apologise if I'm wrong) that some of folk who are giving him a hard time earn part or all of their living from being landlords, are aware of many of the regulations and don't like the idea of anyone else having an easy ride.

G_M

michael1234 wrote: »

HI

There may or may not be issues with the OP's view on the legal and taxation part of his questions. Clearly many of the respondents seem to relish in pointing them out.

The problem I have is it would appear he does have a genuine problem and has asked genuine questions.

Morally, and perhaps even legally in some aspects, what he is doing is a million miles away from being a rogue landlord and does not deserve to be treated as such on a forum such as this.

My guess is (and I apologise if I'm wrong) that some of folk who are giving him a hard time earn part or all of their living from being landlords, are aware of many of the regulations and don't like the idea of anyone else having an easy ride.

There's some truth in this.

Though the use of the term 'unofficial landlord' was kind of like a red rag to a bull. An attempt at self-justification and a deliberate blindness.

But my own real objection to the whole set-up is the plan/hope to get me to pay his parents' 'rent' (though simultaneously denying it is rent :huh: ) via Housing Benefit or similar, when in fact they had considerable equity in the property they still live in.

HB and other benefits, which we all pay for, should (rightly) be for those in desperate need. NOT for those who choose to give away as a gift, to another family member, considerable assets and then apply because they no longer have any money left (though their family do).

AnotherJoe

michael1234 wrote: »

HI

There may or may not be issues with the OP's view on the legal and taxation part of his questions. Clearly many of the respondents seem to relish in pointing them out.

The problem I have is it would appear he does have a genuine problem and has asked genuine questions.

Morally, and perhaps even legally in some aspects, what he is doing is a million miles away from being a rogue landlord and does not deserve to be treated as such on a forum such as this.

My guess is (and I apologise if I'm wrong) that some of folk who are giving him a hard time earn part or all of their living from being landlords, are aware of many of the regulations and don't like the idea of anyone else having an easy ride.

Apology accepted

The issue is he's causing a big problem with his family who are financially struggling, so that his parents can get what they want when it seems that well tough, they shouldn't get what they want, because as pointed out elsewhere it involves just about every reader on this thread paying so his parents get their jollies form living in a house they can't afford and neither can he.

This is someone on disability benefits looking to get an extra evening job just so his parents can live where they want but can't afford. Can't imagine his wife will be chuffed when he's not home most evenings to help with the kids.

Why hasn't he explored other avenues such sorting out the parents debt ( can father go bankrupt? Possibly them giving away £75k of equity to their son might be an issue there, you'd be annoyed if you were a creditor wouldn't you?) or why don't they sell up settle debts and live within their means.

I think that's where the annoyance comes from. And if you think that's harsh, well that's what his wife advised as well,

onlyroz

I ask again, can you or they take in a lodger?

thesaint

Alice_Walker wrote: »

Not going to happen for several reasons:

* This is not a commercial tenancy.
* The parents previously owned the property.
* The parents seemingly gave you £75K in equity - this would be deprivation of capital for benefit purposes.

Most of this is nonsense. It's sad to see so many agreeing with you.
Only on MSE.

seven-day-weekend

michael1234 wrote: »

HI

There may or may not be issues with the OP's view on the legal and taxation part of his questions. Clearly many of the respondents seem to relish in pointing them out.

The problem I have is it would appear he does have a genuine problem and has asked genuine questions.

Morally, and perhaps even legally in some aspects, what he is doing is a million miles away from being a rogue landlord and does not deserve to be treated as such on a forum such as this.

My guess is (and I apologise if I'm wrong) that some of folk who are giving him a hard time earn part or all of their living from being landlords, are aware of many of the regulations and don't like the idea of anyone else having an easy ride.

I don't think he has been given a hard time - people are just pointing out his legal status and the associated responsibilities. It would, in my opinion, be very neglectful not to do so as any advice he received would be based on false assumptions on his part.

AdrianC

thesaint wrote: »

Most of this is nonsense. It's sad to see so many agreeing with you.
Only on MSE.

How about you explain WHY it's nonsense?

thesaint

AdrianC wrote: »

How about you explain WHY it's nonsense?

I replied to the post before reading the full thread. I have only just finished it.
Others have already stated the true position.