If we don't sell our U.K place in time-we have decided to rent it out, and go to Aus anyway.
What are the tax implications? I.E. renting the property out to family friends just to cover house running costs and small mortgage?
We would probably charge them £500 a month. Similar properties are being rented for £600-£650 in the area, but we really do just want to cover costs, and know the house will be well looked after and kept in one peice!!