CGT on house left to husband

xylophone

Is your husband (who is the Trustee and executor also attending the meeting?

If not, have you made this clear to the solicitor in question and is he happy to see you on this basis?

With regard to the paperwork, if you do not have the copies of the IHT forms, then you should take a copy of the Will, Probate, Estate accounts and full details of the house/flat sale and purchase.

Icey77

Yes, I made it very clear as the only day my husband could attend was Thursday and no one could give me an appointment for Thursday - seems some big tax conference is on and everyone locally is attending. She said it wasn't a problem.

I have my passport, marriage certificate, driving licence for my ID and also the will with probate certificate, letter from HMRC confirming that all tax has been paid and everything relating to the house.

I've also found the IHT forms, hurrah!!

Icey77

All in all very interesting afternoon!

Yes, there is an Interest in Posession Trust and yes the in laws can claim principal residence relief so in short there is nothing to report and nothing to pay to HMRC on the sale of the house :j:j

She also helped me understand the IHT implications for when the time comes that we need to consider this and also any changes in situation that may arise and how they could affect this trust, such as a possible future need for care.

So, at the end of the day you have all helped us avoid paying £10,000 to HMRC who probably wouldn't have told us we'd made such a massive error and would have been very slow to return it once it had (if ever!) come to light. Thank you, thank you all very very much xx