T McGibney
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I'm puzzled about the family farm - how could your brother inherit if from your dad if your mum is still alive as she would've owned it jointly if they were married?
You clearly are.(Again I could be making wrong assumptions in the absence of more information).
I haven't been on here for a while!
Just to say that my situation has become increasingly worse!! We still don't have the property in our name, my mother is still living with the help of carers, my brother who inherited family farm has decreased his half of the payment for carers. I have threatened Nursing Home but it has just made matters ten times worse. You see I do not know who is next of kin or who has power of attorney. My mothers little bit of savings are gone towards paying for her care. I just want to leave now with nothing for the sake of a bit peace for us.
Is there any way out for us here??
You need to get legal advice. You also need to know that you will have to be clear about when you moved in etc. There is provision for you to live with parent and recieve tax advantages for this if you recieve house but there are also provisions for your residence being seen as a taxable benefit at market rate. So your 15 years of rent free living would be assessed at market value for each year you lived there. There is a mechanism called consideration which can be used to offset costs you paid for in that period.We have been living in family home for 15+ years but it still is not in our name. Is it possible to do so without going through the main solicitor? We were told incorrect information when moving in.
You can do that while parent is alive provided you meet criteria.I'm puzzled about the family farm - how could your brother inherit if from your dad if your mum is still alive as she would've owned it jointly if they were married? (Again I could be making wrong assumptions in the absence of more information). If your brother inherited the farm did you inherit anything? Maybe you inherited the house you're living in and your mother has a life interest?
I don't like the expression about threatening a nursing home. Whose choice is it for your mother to live at home with carers - yours or hers? It's the Public Health Nurse who would decide if her needs are high enough to apply for Fair Deal. Otherwise she'd have to pay the full cost of a nursing home
Highly unlikely to be an issue.You need to get legal advice. You also need to know that you will have to be clear about when you moved in etc. There is provision for you to live with parent and recieve tax advantages for this if you recieve house but there are also provisions for your residence being seen as a taxable benefit at market rate. So your 15 years of rent free living would be assessed at market value for each year you lived there. There is a mechanism called consideration which can be used to offset costs you paid for in that period.
You need to get legal advice.
I assume the farm was done through solicitor/ green cert arrangement?
It was for us. We had penalties, market rate calculations verified by an estate agent and auctioneer, a survey, return to revenue of all calculations. Consideration in the form of refurb we did was offset. If they cant sign over house and were not her carer they can be liable for the rent as a gift if their thresholds are exhausted.Highly unlikely to be an issue.
For living with your parent or parent-in-law throughout which time you presumably contributed to the running and general upkeep of the house?It was for us. We had penalties, market rate calculations verified by an estate agent and auctioneer, a survey, return to revenue of all calculations. Consideration in the form of refurb we did was offset. If they cant sign over house and were not her carer they can be liable for the rent as a gift if their thresholds are exhausted.
It seems you have to have house signed over in a certain period of time and reside in it afterwards after the disponer has left the house.For living with your parent or parent-in-law throughout which time you presumably contributed to the running and general upkeep of the house?
It's difficult to comment meaningfully in the absence of detail but I'm amazed that this could have happened.
Did you get professional tax advice and representation?
Yes got tax advice which was expensive but very worthwhile. OP should do the same.It seems you have to have house signed over in a certain period of time and reside in it afterwards after the disponer has left the house.
I assume this is to do with CAT on transfer of a dwelling house?It seems you have to have house signed over in a certain period of time and reside in it afterwards after the disponer has left the house.
Yes. In our case my MIL had moved house which triggered it for us. So it was a 'gift' that had to be assessed.I assume this is to do with CAT on transfer of a dwelling house?
Thanks roYou need to get legal advice. You also need to know that you will have to be clear about when you moved in etc. There is provision for you to live with parent and recieve tax advantages for this if you recieve house but there are also provisions for your residence being seen as a taxable benefit at market rate. So your 15 years of rent free living would be assessed at market value for each year you lived there. There is a mechanism called consideration which can be used to offset costs you paid for in that period.
You need to get legal advice.
I assume the farm was done through solicitor/ green cert arrangement?
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