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My wife inherited some money from her father who died and
Hi there. My wife inherited some money from her father who died and was domiciled in Australia. All assets were Australia based. She was paid less then £325,000 IHT trigger point in the UK. No IHT is … read more
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I would like to purchase a half share in my mothers house currently
I would like to purchase a half share in my mothers house currently worth £600,000, we would live with her and look after her as she's 81 years old so it would also be our main and only residence, she… read more
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2 years ago we gave our daughter approx £2.5m in the hope we
2 years ago we gave our daughter approx £2.5m in the hope we would live for at least another 7 years and thus avoid IHT on it. She used those funds to set up a limited company and bought a number of p… read more
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bigduckontax
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My mother is giving me 100k so I can then get a mortgage to
My mother is giving me 100k so I can then get a mortgage to buy her a house. Her total assets are below the iht threshold, so if she dies before 7 yrs the money shouldn't be liable for iht. I am a non… read more
taxadvisor.uk
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Sadly my mother passed away two months ago. In her will she
Sadly my mother passed away two months ago. In her will she left all her assets to her husband if he survives her, which he has, else equally divided between her two sons. My fathers will mirrors my m… read more
Sam
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I am currently in the process of selling a house I share wit
I am currently in the process of selling a house I share with my mother's estate, she died 2 and a half years ago; but due to an error in the registration of the property in joint names it is taking a… read more
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My mother put her property in my name 8 years ago after I finished
My mother put her property in my name 8 years ago after I finished paying the mortgage. She died two weeks ago and the house is only worth £120,000. I understand there should be no IHT but will there … read more
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In 2001 my mother made all four of her children and herself
In 2001 my mother made all four of her children and herself part owners of her house (which was worth around £400,000 at the time. She built a small bungalow in the garden separated from the main hous… read more
Tony Tax
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My mother lived in a 4 bedroom house that she was paying about
My mother lived in a 4 bedroom house that she was paying about £300 a month in rent for. I purchased this house outright 10 years ago for £28,000, the house is in my mothers name but we have a deed of… read more
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if mother in law sells her house and splits the proceeds between
if mother in law sells her house and splits the proceeds between her two children and then lives with one of the children, are there any IHT or Capital tax implications. The house is probably worth £2… read more
Tony Tax
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My elderly widowed mother owns her own home outright (worth
My elderly widowed mother owns her own home outright (worth about £225,000.00) and has £130,000.00 invested in various shares, all with Hargreaves Lansdowne. She urgently needs to move closer to famil… read more
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When my father died in Nov 2004, my mother ( now 85 yrs) inherited
When my father died in Nov 2004, my mother ( now 85 yrs) inherited his entire estate. She continues to live in the same house which she lived in with my father. The family home is the principal asset,… read more
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A man makes a gift to his son of 60,000 and his son (who is
A man makes a gift to his son of £60,000 and his son (who is living in Dubai at the time of the gift) uses that money to buy a house for his mother, the ex wife of his father, he therefore has no imme… read more
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We are applying for probate. Following the death of my father
We are applying for probate. Following the death of my father in 2003 my mother and i inherited the property worth £ 150,000. In 2005 my mother gave me half the house ( my share £75,000) In 2007 my mo… read more
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My mother gifted me a property in 2008 and submitted a tax
My mother gifted me a property in 2008 and submitted a tax return in oct 2009 thinking the payment of GCT would be due in Jan 2010 we have heard nothing from the tax office and even wrote again asking… read more
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My wife has mother, father and two brothers who are all in
• My wife has mother, father and two brothers who are all in the same family electrical business ie. Mum, dad & brothers • Wife's has grandmother • Grandmother transferred the ownership of her house t… read more
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My mothers estate falls below the IHT threshold. She wishes
My mother's estate falls below the IHT threshold. She wishes to leave her house to my brother and for me to recieve 50% of the value. My brother currently lives with my mother who is in ill health. He… read more
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2 years ago we moved my 95 year old mother to live with the
2 years ago we moved my 95 year old mother to live with the family. The sale of her house is now going through. My mothers intentions are to give each of the family some money. Although this isn't inh… read more
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