We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Moving in with parents before buying their house
busy_dad
Posts: 67 Forumite
Good evening,
We have recently accepted an offer on our house and are considering purchasing my parents house. However they do not want to move out until the new year as are looking buy a new build which isn't built yet. One choice of course is for us to rent in the meantime or for them to move out and rent.
However another option they have mentioned is that we put some of our stuff into storage and move in with them for a few months until they are ready to move out.
Aside from the emotional/physical aspects of living with parents are there any tax/legal implications? To be clear, we would not purchase their property until they move out, we would basically lodge with them until we buy and they move out. We would be paying some board money also.
Thanks in advance.
We have recently accepted an offer on our house and are considering purchasing my parents house. However they do not want to move out until the new year as are looking buy a new build which isn't built yet. One choice of course is for us to rent in the meantime or for them to move out and rent.
However another option they have mentioned is that we put some of our stuff into storage and move in with them for a few months until they are ready to move out.
Aside from the emotional/physical aspects of living with parents are there any tax/legal implications? To be clear, we would not purchase their property until they move out, we would basically lodge with them until we buy and they move out. We would be paying some board money also.
Thanks in advance.
0
Comments
-
no tax implications . Another possible option maybe to tell your buyers you dont want to move until new year ."Do not regret growing older, it's a privilege denied to many"0
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards