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my question is ,is it illegal to not take a deposit or use a depos scheme

if you choose to rent a house out to your son or daughter? will the rules still apply?

im thinking of buying a house (cash) and my son will rent it off me .

also can i set the amount of rent i wish him to pay ? maybe just a ppepercorn rent .

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my question is ,is it illegal to not take a deposit or use a depos scheme

if you choose to rent a house out to your son or daughter? will the rules still apply?

im thinking of buying a house (cash) and my son will rent it off me .

also can i set the amount of rent i wish him to pay ? maybe just a ppepercorn rent .

thats not really an answer

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thats not really an answer

to answer your question: no, it's not illegal but you have to sleep with your sons girlfriend every other thursday.

hope that helps.

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There is no legal requirement to take a deposit when you rent property.

If you take a deposit and the tenancy is an assured shorthold tenancy you must comply with the legal requirements. Failure to do so is not a crime, but renders you liable to a money claim by the tenant.

There is no minimum rent you have to charge.

You should check the tax position. Relief may not be available for repairs or mortgage interest if you charge no rent.

Housing benefit is not likely to be available if you charge rent.

Think carefully about what you want to do and discuss it with your lawyer before you do it.

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THANKS DEMOCLES

my thinking is to buy a house for my son (he has a place then for my grand children)

i would not need a deposit and any rent would`nt be enough to worry the tax man

.last thing i want would be to get chased from the taxman ;-)

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THANKS DEMOCLES

my thinking is to buy a house for my son (he has a place then for my grand children)

i would not need a deposit and any rent would`nt be enough to worry the tax man

.last thing i want would be to get chased from the taxman ;-)

Erm, rent of £1 would be enough to concern the taxman (maybe you meant a literal peppercorn)? The tax-exemption is for renting out a room in your own house.

Within a family there might be other workarounds to keep the taxman at bay (like, you underwrite a mortgage). No idea if any such thing might work for you.

(Free houses. Gah. How the other half live. Isn't it supposed to be a dowry for daughters and an inheritance for sons? :wacko: )

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  • 245 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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