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New Member
posted Oct 29, 2019 10:59:49 PM

What are the tax implications of being a homestay parent? how do I report the income? how will it affect my taxes when I decide to sell my house?

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New Member
Oct 29, 2019 10:59:51 PM

As a stay at home parent assuming no income from any where, your significant other should benefit because he/she is able to claim the full basic tax allowance as spousal credit.  In regard to your home, nothing happens when you sell if this principal place of residence.

1 Replies
New Member
Oct 29, 2019 10:59:51 PM

As a stay at home parent assuming no income from any where, your significant other should benefit because he/she is able to claim the full basic tax allowance as spousal credit.  In regard to your home, nothing happens when you sell if this principal place of residence.