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witz3nd

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witz3nd

Offer to pay off Mortgage

An older member of our family has offered to pay off a substantial amount of our mortgage, the outstanding balance some ?230000. I realise this gift is subject to Inheritence Tax should they pass away...
16:29 Thu 13th Nov 20085 answers, last by witz3nd 08:10 Wed 19th Nov 2008
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witz3nd

Inheritance and CGT on a share in a house owned many years

Recently our aunt died, and she lived alone in a house she co-owned with her brother. She willed her half to him. The estimated value of the house at her death was ?300,000, and was purchased by them...
14:06 Thu 24th Jan 20081 answer, last by themas 21:04 Thu 24th Jan 2008
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witz3nd

Large gift to pay off mortgage

Recently, an elderly aunt passed away, who owned a half share in her house along with her brother. (He did not live in this property as he has a house of his own). Her share has been willed to him,...
08:37 Tue 15th Jan 20083 answers, last by witz3nd 10:15 Thu 24th Jan 2008

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