Donate SIGN UP

would i get taxed?

Avatar Image
catcuddler2 | 10:15 Thu 25th Mar 2010 | Civil
23 Answers
i'm hoping this will make sense to someone
if my dad was to pay off the mortgage on his house and then put the house into my name with the clause that he can stay here for the rest of his life would i be charged inheritance tax or death duty?

the reason i ask is because my older sister may contest my dads will when he dies and my dad wants me 2 inherit his house as i have always and continue 2 live here

i hope someone can advise me
TIA
Gravatar

Answers

21 to 23 of 23rss feed

First Previous 1 2

Best Answer

No best answer has yet been selected by catcuddler2. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Then I should trust what your solicitor says, rather than anything you might be advised on here. We don't all have the facts.
Question Author
i will but i did initially ask about any tax or duties on the house if my dad signed it over to me not about the will being contested that was asked about by another AB-er
No problem - and Dzug (on IHT) and me (on CGT) have hopefully answered most of your concerns about that.

21 to 23 of 23rss feed

First Previous 1 2

Do you know the answer?

would i get taxed?

Answer Question >>