Emmy Dent - Mortgage Advisor
Region: GB
Thursday 16 May 2024 13:37:03 GMT
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Emmy Dent - Mortgage Advisor :
It’s worth checking any capital gains tax or inheritance tax liability - I’m just solely here for mortgages, no tax advice round here 😅
2024-05-16 14:04:31
136
Jess Wright :
As a tax adviser and someone who did this: 1) there won’t be capital gains tax if it’s their main home
2024-05-16 19:31:13
40
DaisyChain :
They would end up with capital gains tax for what the house was actually worth. We’d all be doing it otherwise.
2024-05-16 17:20:27
2
Seán O'Halloran :
Would you not be stung with gains tax
2024-05-16 13:56:40
26
FatherTokker :
Careful. Deprivation or assets. And still CGT at full value
2024-07-20 01:24:29
0
Sarah Wade :
Is it worth just putting the house in the kids name
2024-05-16 19:19:04
2
Rachel Susan :
what if you need to buy out a sibling?
2024-05-16 14:30:01
1
livingthedreamagain :
How does the 100k difference become your deposit tho? 🥰
2024-05-17 15:05:34
0
Shannonsproson93 :
My parents want to give me their house, it’s worth around 300-350k could they go about doing this at all or could I buy it for a small price? X
2024-05-16 13:58:22
3
lisamarie3711 :
You have explained this wrongly, they would buy at full market value and gift equity as the form of deposit otherwise it’s a concessionary purchase and the buyer would need at least a 5% of their own
2024-06-17 08:35:11
1
jnyclrk :
Is this the same in Scotland?
2024-05-16 21:57:54
0
scouser1962 :
It’s brilliant idea to do! But how do property developers pay £1 per house in run down areas???
2024-05-16 18:27:11
0
natalielouisehedges :
not forgetting the 7 year rule aswell of the difference
2024-05-16 18:44:32
19
user1902840599977 :
Also possible implications is parents need care paid for as selling house for cheap can be deemed deprivation of assets.
2024-05-17 11:33:29
8
Megan :
My parents would never sell it for less… they have plans for every single penny of their £600k house 🥺
2024-05-17 10:05:54
0
Useree :
is it the same for buying a house from a sibling? Were not sure how to go about it
2024-05-17 15:03:25
0
Apple User398726715 :
what banks do you recommend going to please?
2024-05-24 11:39:25
0
romafone :
Seems like a way to keep property prices artificially high
2024-05-17 14:16:25
0
Maggs :
I can’t do that because my house is half in trust to my three daughters already.
2024-05-17 01:26:03
0
Sarah :
huge in Australia, not long before we follow suit
2024-05-16 21:30:45
0
Frances O'Brien :
Captital gains tax would be due in the difference if they then sold the house
2024-05-16 17:35:08
0
B 🇵🇸🍉🇵🇸 :
What a normal economy 💜
2024-05-17 03:28:17
0
Rach,c :
I have a question, I bought my house 2 and half years ago. I am due to renegotiate my mortgage at the end of the year. could I add my partner to the mortgage without moving ? love your video btw 🥰
2024-05-17 13:57:40
0
Essex_chelle :
my equity will be my retirement money, so sorry kids you'll have to save your own deposit 😂
2024-05-17 19:48:26
1
Milesy2020 :
My dad is selling his house, we are selling ours, so 300k from his. 120k from ours and looking to buy something together for about 500k.
2024-06-16 21:17:19
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