Moving from joint owned house to live with girlfriend

00ec25

OP will be living with the GF in her place, therefore, for the avoidance of doubt, if OP accepts any rent at all from the "replacement" person, that person is NOT OP's LODGER.

The new person would be their tenant and OP would be taxed on any share of the profits using the normal method, ie OP cannot claim the (lodger) rent a room allowance.

If the rent was split with the other owner, then that other person could claim RAR against their share, so would probably not pay any tax at all on that share, thus further emphasising the different financial positions of OP and the other owner.

Another reason why selling up would be a lot simpler...

franklee

00ec25 wrote: »

OP will be living with the GF in her place, therefore, for the avoidance of doubt, if OP accepts any rent at all from the "replacement" person, that person is NOT OP's LODGER.

The new person would be their tenant and OP would be taxed on any share of the profits using the normal method, ie OP cannot claim the (lodger) rent a room allowance.

If the rent was split with the other owner, then that other person could claim RAR against their share, so would probably not pay any tax at all on that share, thus further emphasising the different financial positions of OP and the other owner.

Another reason why selling up would be a lot simpler...

Eek, if the new person is a tenant it gives him more security of tenure and there would be a lot more requirements to be met.

Could the OP use the small third bedroom to keep some stuff and stay over sometimes keeping that as his official home.

Doodles

Why not just put off moving in with your girlfriend for another 18 months?

Then sell the flat after that and split the profit with your friend, and move in with your girlfriend.

Surely that's the most easiest solution. Less hassle for all.

Higgy28

Thanks everyone, we hadn't even considered that by officially moving out they would no longer be my lodger despite friend still being there...! That would start a lot of other issues that I don't want to get into.

What would be the minimum commitment I would need to show that it is still my official home? I imagine the situation can't be much different from someone who rents somewhere else to stay during the week for work?

franklee

Higgy28 wrote: »

Thanks everyone, we hadn't even considered that by officially moving out they would no longer be my lodger despite friend still being there...! That would start a lot of other issues that I don't want to get into.

What would be the minimum commitment I would need to show that it is still my official home? I imagine the situation can't be much different from someone who rents somewhere else to stay during the week for work?

Suggest you have a rummage round this site:
http://www.lodgerlandlord.co.uk/
Starting here:
Day 1 !!!8211; What is a lodger?
http://www.lodgerlandlord.co.uk/2010/02/01/day-1-what-is-a-lodger-2/

And here:http://www.lodgerlandlord.co.uk/2010/03/09/the-five-main-differences-between-a-lodger-and-a-tenant/

It belongs to Tessa Shepperson who is well known for specialising in landlord law.

Still wondering if you both being landlords with one living there and one living out is enough to make a lodger. I really don't know either way so would look into that too if I were you.

franklee

Higgy28, ah ha something similar to your situation is mentioned in the comments to this article:

http://www.lodgerlandlord.co.uk/2010/03/09/the-five-main-differences-between-a-lodger-and-a-tenant/comment-page-1/#comments

Nigel says:
I currently jointly own a home with a friend of mine. I am moving out and he will stay in the property and I will be renting out my room. Is the person moving into my room considered a lodger or a tenant if I do not live there but one of the home owners still lives there. I will be receiving the income for the room. Thanks

Tessa says:
Nigel !!!8211; The person will probably be a lodger as his landlord will be your friend the co-owner. Provided he lives in the property as his main home throughout the whole time the lodger is there.

:j