Hi, a friend is wanting to know what the legal implications are if a buy to let property is in their daughters name along with the mortgage, but they pay all the bills and receive all of the income. But the income is declared through the daughters tax return to take advantage of her personal allowance. I suspect this could be an issue with HMRC? Please can someone clarify?
13th Jun 2021
Tax issues on property?
Property in child's name, what are the tax issues if parents pay and receive all monies?
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