Can I give my parents £150K to clear their mortgage?

sloughflint

Susan_Frost wrote: »

It sounds like buying into something makes it legally, partly, yours. But gifting has the tax implications and ownership implications. So gifting backwards and forwards seems more complicated than simply buying a sharek, which means your money is yours even if tied up in a property.

Simple buying into the property is not necessarily the easy / no tax implications option either.
CGT upon sale of the house if OP doesn't live there?

Mum and partner need to be safeguarded too:

What happens to the purchased share if OP was to die first?
What happens to the purchased share if OP divorced or had financial difficulties?

This is far from simple and the thread is in a bit of a mess.Op hasn't come back though.

grumpynotoldman

It's remarkable how complicated something as simple as "helping" gets. Damned if you do and damned if you don't. Can't help thinking these laws are all set up to make "professionals" a bit richer.