Need some adivce!

[Tattooed]

Hi!
My Dad died 2 weeks ago. Mum and I were talking today and she said that she want to put their house in my name.


Is this possible? Don't know much about this sort of thing- any suggestions, ideas?

 

[WantoN]

Yes of course it's possible. However, were your mother to pass away in the next seven years, the house would still be death-taxeable.

Speak to your lawyer.

Ant

 

[Matblack]

Yes of course it's possible. However, were your mother to pass away in the next seven years, the house would still be death-taxeable.

Speak to your lawyer.

Ant

Well some of it would be, there is a yearly gift allowance which you can ofset against the value of the house.

Speaking to a lawyer is a good sugestion.

MB

 

[Oracle]

Solicitor is your best bet for this my friend. Its a simple process to achieve but yes, you'll need advice on the tax implications for the future...

 

[Tattooed]

Thanks