Tax considerations may inform how title to a property is taken. If it is possible for title to be in the name of the student child, this will often be advantageous from a tax perspective. Firstly, on a future sale of the property, any gain arising should benefit from capital gains tax (CGT) main residence relief. If there have been periods of absence from the property, and/or rooms have been let to other students, the relief may be restricted, but a proportion of the gain should still be relieved, and the interaction of main residence relief and CGT letting relief may mean that the CGT exposure is minimal. Contrast this with the position where title is held by the parent, whose main residence is elsewhere, and who on a sale could face a CGT bill of as much as 28% of any gain arising. There are income tax advantages too – if rooms are to be rented out to other students, the rent which they pay may be income tax free if the Rent a Room scheme is used. This can apply if the total rent received in any one tax year does not exceed £4,250. Even if Rent a Room cannot apply, the child’s taxable income will usually be such as to put them in a lower income tax bracket than their parents. For parents wishing to attract these tax benefits, but worrying about giving their child outright control of the property, a trust could be the answer.