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bigduckontax
bigduckontax, Accountant
Category: Tax
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Some years ago I agreed to help a relative with a Buy To

Resolved Question:

Some years ago I agreed to help a relative with a Buy To Let. The relation was unable to obtain a mortgage by themselves, so I agreed to lend my name to it. I am the first name on the mortgage. I have put no money into this venture nor received any income from it. In the event of said relation not registering with HMRC, and paying no tax on the proceeds, can HRMC claim any taxes owing from me?
Submitted: 1 month ago.
Category: Tax
Expert:  bigduckontax replied 1 month ago.

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

I cannot see how HMRC have any claim on your activities. The fact that your relative has not registered with HMRC to declare his rental income is no concern of yours.

I do hope that I have been able to set your mind at rest on this matter.

bigduckontax and other Tax Specialists are ready to help you
Expert:  bigduckontax replied 1 month ago.

Thank you for your support.