Question:
What financial benefit could my sister gain from putting a second home in my mother’s name?
Arthur Weller replies:
Possibly any rent received from renting out the house would go to your mother. If your sister is a higher rate taxpayer, and your mother has all or part of her income tax personal allowances available, or she is a basic rate taxpayer, the family as a whole will pay less income tax on rental income from this second home.
