Postby rks2018 » Tue Dec 31, 2019 7:59 pm
My sister name is on both properties , at the time I couldn't get mortgage without her being in mortgage , though all payments for bills and mortgage has always been made myself . we are shared owners , and she a lower tax payer than I . iv kept it like that bec If I change or transfer share of equity to myself I'll be paying more tax ect and also higher cgt when we sell ? . but I can utilise rent a room relief be easier and cheaper ? I was told the relief was £7500 pa but as we are joint owners its £3500 each . as sister is only one occupying I can only use £3500 hence I thought it be better not no but utilise putting down for bills ect but now only to realise that I should have put down % to private use , not so sure I done the right thing now ?