1, we are possibly looking to rent our house very cheaply simply to cover the interest on the mortgage only. Am I correct this can be offset and therefore not taxable under UK law? I have been advised only income over and above would be taxable ie profits, payment of the loan itself and agents fees etc.
2, how long can we keep the property in UK without incurring tax when importing the money to Australia?
3, what is mortgage lenders opinion if we keep the UK property whilst trying to buy an Australian property? Can we use the first property as collateral? We would have a deposit of circa 10% if we cash our ISA's in.
4, what is a safe amount to survive on for 6 months? 2 adults, simple 2 bed rental circa $350 ish both looking for work which we would hopefully secure quickly as both well qualified and prepared to take almost any job to start with.
5, has anybody left their furniture for 6-12 months in UK only importing once secure and in their own house, not rental?
Thanks any lots more questions just can't recall them at the moment.