Second property rules

Dachshund23

Can I let my second property rent free to my adult son rent free as did not tell child and working tax about my second property purchase when I bought it 5 years ago

grumpy_codger

Dachshund23 said:

... as did not tell child and working tax about my second property purchase when I bought it 5 years ago

????
Is it just me?

eskbanker

This appears to be essentially the same question as in OP's previous threads about this:

https://forums.moneysavingexpert.com/discussion/6437709/tax-credits-and-second-property

https://forums.moneysavingexpert.com/discussion/6446313/second-property

Stubod

grumpy_codger said:

Dachshund23 said:

... as did not tell child and working tax about my second property purchase when I bought it 5 years ago

????
Is it just me?

..nope????

...not a clue????

kaMelo

Dachshund23 said:

Can I let my second property rent free to my adult son rent free as did not tell child and working tax about my second property purchase when I bought it 5 years ago

You can do whatever you want but as tax credits finished in April, the more pertinent question is are you claiming UC now and if so have you declared you own a property that you don't live in?

Dachshund23

No I dont claim UC I came off tax credits 2 years ago thank you for your help

Growingold

Dachshund23 said:

Can I let my second property rent free to my adult son rent free as did not tell child and working tax about my second property purchase when I bought it 5 years ago

Firstly I would say not a wise move to let your property to family rent free on two counts.  If you wanted your house back or start charging rent then there could be problems family wise.  Also if you bought on a BTL mortgage it is against the banks policy to let to family.

With regard to not telling CTC and WTC about the purchase it wasn't necessary as this has nothing to do with claiming those benefits.  They were not affected by capital .  However if you were claiming Housing Benefit for eg then it is a different matter.

Dachshund23

Thank you so much for your advise it’s just so confusing when I have read so much and it’s saying different things.