Land Registry Form ID1

pod7729

My father has decided to transfer his property into the names of my self and my two other siblings. Before we sign we would like to be aware of any tax implications (or any other implications for that matter) about this matter. He intends to continue living there,but as his age is 82 are there any problems we would encounter if he had to go into residential care or on his death.

Thanks for any advice given.

clutton_2

you really need specialist advice about all this - why not go to your local solicitors who may have a free surgery evening ? if your father goes into care in the near future, it could be deemed that he has deliberately disposed of assets in order to not pay for care and that is a criminal offence - it is a complex matter in terms of capital gains tax as well.

alternatively "Help the aged" are great at this sort of advice or CAB