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Inheritance tax + building a extension
Comments
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It all sounds very interesting and great if it works out for you. I would just point out that if the extension increases the property value by 30%, the new ratio would not be 70:30. In your example the original value is £580k and a 30% increase makes it £754k. The new ratios are 77% and 23%.0
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If you need a mortgage then explore that first depending on the age of the parents(as they will probably have to be on the mortgage) may cause issues.0
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