Hi,
My and my partner are thinking about buying an investment property.
We would like to buy it under an LTC.
However, in the future (lets say 1-2 years from now) we could look at moving in with some flatmates to ease the mortgage a bit.
- Is this illegal?
- Our accountant said that it is potentially illegal to rent your own property to yourself (even though we would live in it with other people?)
I though I would ask here first since I would assume this is actually a very common question people might have.
Cheers,
Luke
My and my partner are thinking about buying an investment property.
We would like to buy it under an LTC.
However, in the future (lets say 1-2 years from now) we could look at moving in with some flatmates to ease the mortgage a bit.
- Is this illegal?
- Our accountant said that it is potentially illegal to rent your own property to yourself (even though we would live in it with other people?)
I though I would ask here first since I would assume this is actually a very common question people might have.
Cheers,
Luke
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