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lucky11
· 4 years ago
· FIRST
For tax purposes it's better to pay rent to yourself even if you own the building.
6
aphelion
· 4 years ago
Can you elaborate?
2
lucky11
· 4 years ago
It's best to ask a tax accountant but the gist of it is that you have to pay taxes on your property. You have to pay income tax. Housing costs affects your taxes. Your tax level/type depends on what type of income you have. Straight income is taxed higher than most others. Paying rent to yourself moves that money into a different category which allows you to pay less taxes on the same money.
1
lyonstill
· 4 years ago
Just because he owns it doesn't mean she gets a free ride. There are huge cost in owning a home.
17
shurikkaru
· 4 years ago
Probably paying for the mortgage
11
famousone
· 4 years ago
I get what y'all are saying, but it's better to be honest with your partner.
22
iccarus
· 4 years ago
bad idea, by her paying rent, she's helping pay the mortgage, as such, she's contributed to the bills, utilities and is entitled to half if they break up
