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Rental income on property?

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  • Blowsy
    Blowsy Posts: 76 Forumite
    barriei wrote: »
    Like I said he pays the whole of the monthly mortgage payment into a joint account held between me and him and it goes straight out to the lender. He just pays the mortgage amount - no more. Im not sure if this is classed as me receiving income??

    So you personally aren't earning an income from the property, therefore no income tax, however, as mentioned previously when you come to sell your half of the house will be liable to Capital Gains tax because it's not your primary residence.
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