Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
buying house with mother
bobbyj_2
Posts: 351 Forumite
in Cutting tax
put this on savings thread but probably better here:
my sis in law wants to buy a house with her mum - prob a holiday home. They are both reasonably wealthy and prob both have upwards of nearly a million each. They'll be going halves on the purchase but I've said her mum is prob best 'gifting' her half to mitigate IHT. The house will be in the region of £500,000 so obviously £250,000 each. Surely my suggestion is correct as her mother is only early 60s so should be around another 7 yrs. Thanks.
my sis in law wants to buy a house with her mum - prob a holiday home. They are both reasonably wealthy and prob both have upwards of nearly a million each. They'll be going halves on the purchase but I've said her mum is prob best 'gifting' her half to mitigate IHT. The house will be in the region of £500,000 so obviously £250,000 each. Surely my suggestion is correct as her mother is only early 60s so should be around another 7 yrs. Thanks.
0
Comments
-
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards