Hi, hoping someone can put our minds at rest here.
Myself and my good lady live together in a house we bought a few years ago, joint ownership and both names on deeds. But we are not married.
We both willed the house to the surviving partner in the event of death.
Our question is this, If I die first lets say, does she have to pay CAT/Inheritance tax on my share of the house due to us not being married?
Obviously its a concern as the surviving partner could be left with a huge tax bill and have to sell the house.
Thanks in advance
Myself and my good lady live together in a house we bought a few years ago, joint ownership and both names on deeds. But we are not married.
We both willed the house to the surviving partner in the event of death.
Our question is this, If I die first lets say, does she have to pay CAT/Inheritance tax on my share of the house due to us not being married?
Obviously its a concern as the surviving partner could be left with a huge tax bill and have to sell the house.
Thanks in advance