i have a rental property which I own. My daughter wants to buy half the property but will need to take out a mortgage, so she will charge rent on her half of the property. I don’t want to charge the tenant for my half. Is this doable?
Hi @Abby.E
We can't provide advice on how or what you can rent in your property.
Check out the Rental properties guide 2024 which contains useful information.
You can also review IT 2167 about rental properties including non-economical rental situations.
As these situations depend on specific facts and circumstances, you can get tailored technical advice. They'll be able to provide you with a written response. You'll also need to include some personal details so they can get back to you.
Co-owners who are not carrying on a business of letting rental properties must divide the income and expenses for the rental property in line with their legal interest in the property. If they own the property as:
Rental income and expenses must be attributed to each co-owner according to their legal interest in the property, despite any agreement between co-owners, either oral or in writing, stating otherwise.
Interest on money borrowed by only one of the co-owners which is exclusively used to acquire that person's interest in the rental property does not need to be divided between all of the co-owners
Hi @Abby.E
We can't provide advice on how or what you can rent in your property.
Check out the Rental properties guide 2024 which contains useful information.
You can also review IT 2167 about rental properties including non-economical rental situations.
As these situations depend on specific facts and circumstances, you can get tailored technical advice. They'll be able to provide you with a written response. You'll also need to include some personal details so they can get back to you.
Co-owners who are not carrying on a business of letting rental properties must divide the income and expenses for the rental property in line with their legal interest in the property. If they own the property as:
Rental income and expenses must be attributed to each co-owner according to their legal interest in the property, despite any agreement between co-owners, either oral or in writing, stating otherwise.
Interest on money borrowed by only one of the co-owners which is exclusively used to acquire that person's interest in the rental property does not need to be divided between all of the co-owners
21 May 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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