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str mofo

Emigrating And Renting Uk House Out...

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Hello,

A mate of mine is emigrating to NZ - thats where hes from. His wife has MS so they want to have to keep the option of coming back and living in the house if she takes a massive turn for the worse, as they have had to sign a health care waiver to get her accepted into NZ.

There is no mortgage on the property. The expected rent would be 500 per month. The tennant would be my brother.

Would it be most tax efficient to get a mortgage on the property and take to £ with him (nz taxes and rules apart), thus using the rent to pay the interest and a little of the capital, or to take the rent each month with no mortgage?

He is looking into the best way to get money into nz, and the tax implications of taking 100k over there as opposed to a monthly income, and whether a lump sum would serve him best, rather than a monthly rent.

Does anyone know the rules regarding this sort of thing? Sorry Im being a bit vague but Im having severe problems with sleep at the moment!

Its a long shot but I thought some of you informed peeps might be able to help

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