Member Since: 3rd Mar 2014
17th Aug 2017
Thanks for confirming MBK - as you have said, I'll stick with the advice that in order to be safe from the anti-phoenixing legislation, they would have to avoid renting the property out for 2 years after the distribution.
I'll give the guidance a full re-read any way just in case.
30th Sep 2015
Just in case anyone was interested in this, I have spoken with a technical adviser at HMRC who has said the you can claim rental losses for periods in which the property was not the main residence and available to rent and then also the rent-a-room scheme for the other period in which there is a lodger and it's their main residence.
Of course this is only relevant if the client has other rental property income.
2nd Apr 2015
Thank you bajones, that's helpful and after further reading I would have to agree with you!