Should I Tell This Guy No Point Speaking...
Family & Relationships24 mins ago
I want to buy a proportion of my father's house to allow him to free-up some of his capital. As he will continue to live there, what are the potential tax liabilities? e.g., would he have to pay rent proportional to my equity and what about IHT.
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I feel I should remind everyone that TheAnswerbank is a knowledge-exchange, not a message board on which laypeople are encouraged to exchange unqualified "advice" on legal and medical matters. To do so could potentially have unpleasant legal consequences.
AB Editor Wed 29/12/04
You might therefore be best advised to consult a solicitor.
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