Avoiding CGT and inheritance tax

theartfullodger

Gabbs_the_Newt wrote: »

So no ISAs, or pensions for you then? I simply don't believe you.

I have no ISA, never did. I am not employed & make no contributions to any pension funds.

Thanks so much for asking.

MB1972

This clearly is turning into an argument about tax evasion which I do not condone and never would.

This was simply a question around what would be legal avoidance in a complex situation. I did not want to go into a discussion with a tax professional completely in the dark so sought some opinions prior to obtaining professional advice. I see no harm in posting my situation on a public forum when I have no intention of doing anything illegal or dodgy. As for paying tax or not, that is again a legal issue and not a moral issue.

The only reason this situation has arisen is because the offer is well above market value and it was unlikely there would be much inheritance as there was no initial intention to sell the property.

Please can we keep this thread on track, or end it if people don't want to add constructive advice.

Finally I would also like to thank all the people who have made constructive and helpful comments on this tread.

lincroft1710

I'm in favour of brownfield development to increase the housing stock and hope the proposed redevelopment gets the go-ahead from the planners. Even though your in-laws have had what appears to be a generous offer, no doubt they will have had their property independently valued for such a scheme.