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Tax Implications?

Q: Hello, I’ve got an interesting question. I currently owe approx £100,000 on my mortgage of the flat I live in. But the wife and I are looking to move into a house in a different area and let out this flat. Now then, my mum has agreed to lend me £100,000 t


Thanks for your query. It’s a good question and difficult to know the best tax treatment. We would advise that you consult a qualified accountant for this and can refer you to several good firms. Just give us a call on 020 7519 4900 and we would be happy to assist.

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