What Are The Rules For Letting A Property To Family?
It might seem that letting your property to family members is simple, but it can be more complicated than you think.

It might seem that letting your property to family members is simple, but it can be more complicated than you think.

Yes, you will still need to pay tax. There are no tax exemptions for renting to family.
You are able to rent to a family member who receives universal credit or benefits if you do not live with them and have a legally binding tenancy agreement.
You do not have to charge your family rent, but it is important to be aware of the restrictions and implications of letting family live in your property rent free. You will still be responsible for the management and upkeep of the property. It can be helpful to still draw up an agreement.
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