13-12-2020, 04:45 PM
81
Re: Wills and Executors
Originally Posted by Percy Vere
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Second homes and rental properties are already subject to CGT on a sliding scale. The amount you actually pay depends on how long you've owned them and what can be off-set against the CGT charge.
13-12-2020, 04:53 PM
82
Re: Wills and Executors
Originally Posted by The Artful Todger
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I'm talking not about rental properties which can be protected from CGT with not too much sleight of hand but about ALL properties.
I only haveone property, my house.
It goes to my Son with no Inheritance Tax to pay.
13-12-2020, 06:45 PM
83
Re: Wills and Executors
Originally Posted by swimfeeders
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HiI only haveone property, my house.
It goes to my Son with no Inheritance Tax to pay.
13-12-2020, 07:18 PM
84
Re: Wills and Executors
Originally Posted by The Artful Todger
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At this point, however there will have to be changes introduced in order to deal with the HUGE costs of Covid.
I agree.
I have hugely downsized, my house is only worth £160,000, the kids have had the money already.
My son will have an immaculate Ex Council 3 bed end terrace within walking distance of everything,
He is an Epileptic , so driving etc is not now an option.
14-12-2020, 04:47 PM
85
Re: Wills and Executors
hello Swimfeeders ... so at the moment you live in your house but when you die your disabled son gets it? have I got that right?You say you have no intention of going into a Nursing Home but you never know what’s round the corner. I never thought my Mum would but it got too dangerous for her to live at home. A friend of mine has now gone into a care home aged 66 because she had a massive stroke and is unable to do anything for herself.
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