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Pre Owned Asset Tax

football_widow · 2014-02-27 21:19:06

Hello this is my first post, just looking for some advice. My mother has sold her house and is paying for an extension to be built on my house. She'll then live in it. I understand there's a tax called Pre Owned Asset Tax which we need to consider as she'll be benefitting from living in something she's paid for? I would…

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holly_hobby Posts: 5,363 Forumite

1 March 2014 at 5:13PM

Ah ok, re the kitchen issue, yes billing it as a utility room may well fit the bill (minus cooker), and that may work depending on the layout etc, but you'll know better than I how that looks.

Anyhoo you have the bones of they whys and wherefore's so I'll leave you to it ....

Hope this helped and wish you well

Holly xx

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Pre Owned Asset Tax

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