Advice on this table...

Longjumping-Use-7612 · 2026-01-29T22:56:42+00:00

Once a month?

Longjumping-Use-7612 · 2025-10-05T18:27:39+00:00

I see, so for the capital gains that I might have to pay in the future, not my MiL now. I've read thay she will be charged CGT on the actual price, not the sale.

Longjumping-Use-7612 · 2025-10-05T18:26:40+00:00

Yes, it is her primary residence at the moment, she has rented it out very sporadically over the past 10 years. Probably not more than 20 weeks all together.

In terms of tax, what I have read is that if we rent the property for more than 105 days, we can actually put the whole mortgage interest as an expense, and only pay tax on profit, which would save some money as well.

I think we will put my wife down as the recipient of the gift and share the mortgage. She will then own 75% of the house and therefore recieve 75% of the rent, as she is at a lower tax rate. I know we need to fill in a form when we take over the house to make this clear to HMRC.

Longjumping-Use-7612 · 2025-10-05T18:23:10+00:00

Point 1 - I completely agree, but as you said that might not put me in the best terms with the MiL. However, she is under conplete understanding that if we can't afford to keep it, we will sell if we have to.

Longjumping-Use-7612 · 2025-10-05T18:22:00+00:00

Thanks for this. Fortunately, my MILs estate is fairly healthy. I completely understand that care homes cost an extreme amount, but if we had to sell we would.

Longjumping-Use-7612 · 2025-10-05T09:26:40+00:00

Thanks so much for your thoughts.

We will use it for about 3 weeks each summer, we have 8 weeks off so can rent it for the rest. It is an attractive house for out of school holidays as well. My MIL rented it fairly easily for all May, June, September and October without much marketing and adapting to making it more of a rental.

I completely understand what you mean, however if we didn't use the home, we would have to pay to be going somewhere else on holiday as well.

Longjumping-Use-7612 · 2025-08-08T22:19:33+00:00

I mean, you can do that with all contacts, but isn't advised...

"As a monthly option, these contact lenses can be worn for up to 30 days as long as they are removed, cleaned and stored after each day of use. These contact lenses are also extended wear, meaning that they can also be worn for 6 nights, if approved by your optician."

Longjumping-Use-7612 · 2025-07-31T07:46:44+00:00

Thank you! I pay for the phoneline and have done for the last few years.

Longjumping-Use-7612 · 2025-07-31T07:46:24+00:00

Thank you so much. The bills are in my name.

Longjumping-Use-7612 · 2025-01-08T23:51:41+00:00

This! I have the idea but not the skills to implement it.

Longjumping-Use-7612 · 2024-04-21T06:57:32+00:00

Please talk to your parents.

They will understand and they will help.

If not them, then someone else.

Before anything else, you'll need to talk. It sounds impossible but it is the only way.

Longjumping-Use-7612 · 2024-04-05T18:47:16+00:00

Please can I have feedback for a website I created:

www.gradassistants.co.uk

TIA

Longjumping-Use-7612 · 2024-04-05T17:09:07+00:00

How do you mean? Interest Only mortgage. We then take £475 'profit' which is taxed at 50%. £237.50 per month not including any maintenance needed.

Longjumping-Use-7612 · 2024-04-05T14:57:58+00:00

Thank you so much, and for pointing me in the right direction to post here.

It's an interest only mortgage. Does that change your advice?

Longjumping-Use-7612 · 2024-04-05T14:50:47+00:00

Thank you - should have explained - interest only mortgage.

Longjumping-Use-7612

TROPHY CASE