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Gifted House

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2

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  • MrEnigma
    MrEnigma Posts: 108 Forumite
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    Pixie5740 wrote: »
    Suggested by whom? Not the local authority.
    A solicitor
  • Red-Squirrel_2
    Red-Squirrel_2 Posts: 4,341 Forumite
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    She gave you her home, for nothing, and you think she should pay you?
  • MrEnigma
    MrEnigma Posts: 108 Forumite
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    Red-Squirrel wrote: »
    She gave you her home, for nothing, and you think she should pay you?

    Please read all the posts before posting, thanks.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
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    Red-Squirrel wrote: »
    She gave you her home, for nothing, and you think she should pay you?

    The mind boggles.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
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    OP, did you and your mother each take independent advice on this before your mother transferred the deeds of her home to you? The questions you are asking now would suggest not. It would also suggest that you didn't read the replies in your previous thread.
  • MrEnigma
    MrEnigma Posts: 108 Forumite
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    ^^^^^ look at post 12
  • MrEnigma
    MrEnigma Posts: 108 Forumite
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    Penitent wrote: »
    The advice in the previous thread was that you both take independent, professional advice before doing this in order to avoid IHT/deprivation issues and the issues with the arsey relative. Did you both do this?

    That is not the current question, but yes took advise, as the total estate was below £325,000 then no IHT. Also as previously stated was advised after 3 years that deprivation of assets would be nulled.

    If I have incorrect advise, then will have to use another solicitor.

    Back on topic please. Thanks
  • gettingtheresometime
    gettingtheresometime Posts: 6,911 Forumite
    First Anniversary Name Dropper First Post I've been Money Tipped!
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    MrEnigma wrote: »
    Hi group.

    Last June my mother gifted me her house which was at the time worth £285000.
    I was renting a property at the time, so thought it best to move in with her.

    Question is: Do I have to charge her rent? In order to comply with any tax rules.

    If my son charged me rent after I'd given him the house I'd wonder if I'd brought him up correctly.

    I'm wondering if this isn't a case of you charging her rent for a period of time, then kicking her out so she'll be homeless so will apply for sheltered housing.

    Yes I know I'm a cynic
  • MrEnigma
    MrEnigma Posts: 108 Forumite
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    gettingtheresometime wrote: »
    If my son charged me rent after I'd given him the house I'd wonder if I'd brought him up correctly.

    I'm wondering if this isn't a case of you charging her rent for a period of time, then kicking her out so she'll be homeless so will apply for sheltered housing.

    Yes I know I'm a cynic
    I just want to do things correctly.

    I will get in touch with another STEP solicitor, as I didn't ask the question 1st time around.

    Thanks for the replies
  • gettingtheresometime
    gettingtheresometime Posts: 6,911 Forumite
    First Anniversary Name Dropper First Post I've been Money Tipped!
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    MrEnigma wrote: »
    I just want to do things correctly.

    I will get in touch with another STEP solicitor, as I didn't ask the question 1st time around.

    Thanks for the replies

    Correctly? In what sense ? Financially or morally?
This discussion has been closed.
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