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Where Taxpayers and Advisers Meet

I live in a property bought by my son using the money I gifted to him

iftg
Posts:14
Joined:Tue Jan 03, 2023 4:16 pm
I live in a property bought by my son using the money I gifted to him

Postby iftg » Thu Feb 08, 2024 2:51 pm

I live in a property bought by my son using the money I had gifted to him not long before he bought the property. I do not pay him any rent. Are there any tax implications? Does it matter who pays utility bills?

pawncob
Posts:5083
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: I live in a property bought by my son using the money I gifted to him

Postby pawncob » Thu Feb 08, 2024 3:01 pm

Comprehensive answers given in January 2023.
With a pinch of salt take what I say, but don't exceed your RDA


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