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Paying off parents mortgage
maxxpow44
Posts: 1 Newbie
Myself and siblings are "clubbing together " to pay off parents mortgage of 70K, what tax implications would be involved for us or them ?
0
Comments
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Is it an out and out gift?
No strings attached?
No expectance of inheritance?
What size are you and your siblings estates before this gift?How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)0
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