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Is this possible..???

pjjafc · 2011-12-29 09:44:35

Me and the wife currently rent a property from my inlaws and want to put an extension on the back and convert the loft. We have around £20,000 but will need an extra £40,000. Now as far as I can see I cannot lend this from a bank / finance company as I am not a homeowner. Anyone no of any mortgages / lending companies that…

Comments

pjjafc Posts: 241 Forumite

29 December 2011 at 2:30PM

getmore4less wrote: »

3 houses?

If there total asses are above nill rate bands then investing £60k into the property will see £24k dissapear in IHT unless structured properly.

Buying gefore death will trigger a CGT calculation.

when you say "unless structured properly"? What do you mean?

Thanks for the replies!

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