Parents house to sons

[SirMille]

In the go/phone, so haven't searched.

My brother is suggesting our mother transfer the house to use for tax reasons.

When I asked why, the answer was unfathomable.
"Just like you write off repairs and depreciation against interest"

Are the good reasons to try and do this?

 

[rob oyle]

There are so many factors to consider here that it would take someone well briefed on ALL of them an age to go through each one so probably better to have a scan through the forum when you have the search facility.

However, your brother's comment doesn't make sense unless he's proposing to borrow to buy the property as an investment, in some way?

 

[mf1]

Why would a mother divest herself of property?

Why would a son suggest that his mother should do so?

"Just like you write off repairs and depreciation against interest"

Gobbledegook

Unless this is your mothers idea, I'd be thinking not a great idea!

mf