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Transferring Home to Children
Comments
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I fully agree with OP. People who have saved their whole life should not be paying for care while people with no money pay nothing!!
Are you serious?
People who have saved are able to pay for care.
People who have nothing are not able to pay therefore need help from taxpayers.
Are you suggesting that taxpayers should subsidise those that are capable of funding themselves?
In many cases all that will acheive is an increase in the amount left to their heirs.0 -
Are you serious?
People who have saved are able to pay for care.
People who have nothing are not able to pay therefore need help from taxpayers.
Are you suggesting that taxpayers should subsidise those that are capable of funding themselves?
In many cases all that will acheive is an increase in the amount left to their heirs.
By the way you make things sound... You don't have much of an idea of what a will or inheritance is. What is the point of paying tax all your life, if you'll never see a penny of it? Why is it the people, according to the OP, who have paid tax all their lives, are all of a sudden not included in the "we, the taxpayers" club? Hmm...0 -
Who do you think would be paying the care home fees if your parents aren't able to pay?
What are you, feeding off the taxes yourself and are scared that people with money may take that away from you? Pfft. If I where the OP's parents, and I came here and read this, I would feel disgusted.0 -
Think this is what the OP meansAre you serious?
People who have saved are able to pay for care.
People who have not saved are not able to pay therefore need help from taxpayers.
You are suggesting that taxpayers should subsidise everyone equally
In many cases what that will acheive is an increase in the amount left to their heirs.0 -
What are you, feeding off the taxes yourself and are scared that people with money may take that away from you? Pfft. If I where the OP's parents, and I came here and read this, I would feel disgusted.
No
Should the need occur I'm in a position to pay for my own care as are the OPs parents.
The only people who would benefit from the OPs plan would be the OP and his sister.
Those that would lose would be the taxpayer and the OPs parents.0 -
By the way you make things sound... You don't have much of an idea of what a will or inheritance is. What is the point of paying tax all your life, if you'll never see a penny of it? Why is it the people, according to the OP, who have paid tax all their lives, are all of a sudden not included in the "we, the taxpayers" club? Hmm...
What are you talking about?0 -
His accountant is spot on.On the same theme, my boss has transferred two properties to two of his children, he did this without professional advice after reading about it in Investors Chronicle. Now our accountant says that he liable for the capital gains tax on the market value of these properties. He thinks that he has no liability as there was no cash exchange. What do the experts thinkThe greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
Totally agree. Otherwise why should the children benefit from something they haven't worked for. They seem to want to have their cake and eat someone else's.Why should care in old age be free if one has the money to pay for it? Surely this is draining essential funds that could be better spent elsewhere - say maybe on those who dont have the money to pay.The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
Totally agree. Otherwise why should the children benefit from something they haven't worked for. They seem to want to have their cake and eat someone else's.
Huh? Wouldn't your argument work the other way too? Why should the parents NOT benifit from something that HAVE paid for... All their lives.0
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