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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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we are looking to buy a house with my mum split 40% to her and 15% to the 4 siblings. Hou
we are looking to buy a house with my mum split 40% to her and 15% to the 4 siblings. House price £1m. We buy as tenants in common and our shareholdings are represented by a deed of trust. On death of… read more
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Partner A is married to Partner B both are widowed from previous
Partner A is married to Partner B both are widowed from previous marriages. Partner A has 2 children from the previous as does Partner B. They own a house which is held as 'tenants in common' , Their … read more
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I am UK born but a resident in New Zealand. My Dad recently
I am UK born but a resident in New Zealand. My Dad recently passed away leaving a second home (which was given to him about 5 years ago and is not the family home) which was in his name, to my mother … read more
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I need advice on capital gains i bought a house 15 years
I need advice on capital gains i bought a house 15 years ago with my mother using the right to buy from local authority, although i paid for the house my mother stayed in it for 15 years, she since di… read more
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My mother in law has lived with her partner (not married nor
My mother in law has lived with her partner (not married nor civil partnership) since 1995. Nearly seven years ago he put his property into their joint names 50/50. Last month he passed away. His will… read more
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I would like some help with calculating my capital gains computation.
I would like some help with calculating my capital gains computation. In particular what the cost value would be, based on the following history: 1960 – Property purchased by parents for £7,000. 1989 … read more
TonyTax
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From 1969 -74 I was working abroad for a British company. In
From 1969 -74 I was working abroad for a British company. In 1970 I bought my grandparents house and let them live in it for free until they died in 1972, I then sold that house and bought another one… read more
Sam
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I bought my house when my daughter was 2 for 29,800.... it
I bought my house when my daughter was 2 for £29,800.... it is now worth around £600,000. My daughter and I have lived in this house for 28 years. Will she have to leave when I die because she will no… read more
TonyTax
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My mother put a sum of money ( 192K) as part of the purchase
My mother put a sum of money (£192K) as part of the purchase price into a house that I bought for us all to live in 6 years ago as she was terminally ill. She had already sold er house and moved in wi… read more
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My parents jointly owned a home until my fathers death when
My parents jointly owned a home until my fathers death when his assets passed to my mother his will. I understand that she is exempt from IHT on this half as his spouse. If she then sells the house, a… read more
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My mother in law has several properties which combined are
My mother in law has several properties which combined are worth several million pounds. One of those properties she is currently trying to sell (value approx 600k) and she has said to my wife that on… read more
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Hi, Having received probate and inheritance tax forms, Im
Hi, Having received probate and inheritance tax forms, I'm worried about the tax implications I may face. My mother paid GBP200k off my mortgage in 2006, with a view to moving in with us. Whilst we fi… read more
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Hello, my elderly mother has come to live with me.We are going
Hello, my elderly mother has come to live with me.We are going to sell her property valued ay £130,000, mum wants to give £40,00 to my brother and me, are there any reasons why she can't do this?… read more
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My brother and I inherited Mums share of my parents home on
My brother and I inherited Mums share of my parents home on her death in 1989. Dad remarried and died 7 years ago, but my step mother still lives in our house. When we get to sell the house on her dea… read more
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My fathers estate is valued at circa 500,000. He is 84 years
My father's estate is valued at circa £ 500,000. He is 84 years old, in poor health, married (wife 82 years old, frail) and both are UK residents. My father's eldest sister who recently passed away, s… read more
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We are looking to emigrate to oz in about 1 1/2 years. However,
We are looking to emigrate to oz in about 1 1/2 years. However, myself and my husband live in a house that we bought together 4 years ago. At the time my husband owned a house that he tried to sell, b… read more
TEAP007
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My father has just died and left his house and minimal assets
My father has just died and left his house and minimal assets to me in his will. (Mother died some years ago). I will sell his house and also inherit his cash assets. Am I liable for UK tax (either in… read more
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