Family mortgage, self occupation and rent
Buying a house with a family loan, for my own use. With market interest and planning to utilise the tax return. But what if in a few years I would go abroad for a year and want to rent it out? Mortgage provider (family) is fine with that, but what would it mean for taxes, box 1 vs box 3, and what happens when I return and continue living there myself?
u/Autistic_Ananas — 10 days ago