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Grown up children are exclusive occupants of husband's house rent free

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Comments

  • Slinky
    Slinky Posts: 11,065 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    If you and your husband rent the house to your husband’s children you can always save the money and present to them when they come to a sensible life event eg buying their own first home.
    That rent then becomes taxable income for the OP's husband which it doesn't if the children are saving it themselves.

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  • saajan_12
    saajan_12 Posts: 5,122 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Shookup said:
    I tried filling out the LV quote and I think because of the partner being there as well, it required a tenancy agreement to be in place.  I guess we are then going down the route of whether the boyfriend can be classed as 'family'?
    Well husband is really granting a licence to his adult children to live there, so it is family. Whether they invite a guest (boyfriend) that's up to them. 
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