cjjackbones
Registered User
- Messages
- 3
Thanks for your input.No CGT on disposal of your own PPR.
Note the right of residency might reduce the market value?
It's not totally clear to me what you intend to do:
(A) buy whole house from father for 200k, i.e. your father is effectively gifting you half the value
(B) buy half the house from your father, and your father gifts the other half to his daughter.
Just to ask if my father had a right of residence to the house after we purchase the whole propertywould he have a share in the house still (be a third owner along with me and my wife)?Thanks all for you input!
the plan would be to buy the
Thanks for your input.
We Would buy the whole house from my father for 200k and the he would gift us half the value.
he would then pay my sister with the proceeds of the 200k.
Summary version:Red onion what is the formula too reduce the amount of gift too the wife ?
Maybe something to consider as well would be how fair deal scheme would effect you should your father require nursing home care for a few years in future.
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