Hi
We recently bought a house for 160k, all the cash was a very generous gift from my parents.
Both myself and girlfriend (Soon to be wife) names are on the deeds.
We plan to get a joint mortgage for about 300k soon to do a large renovation to the house.
Could revenue deem her liable for Capital Accusations Tax on the 160k gift my parents gave to me?
Thanks
We recently bought a house for 160k, all the cash was a very generous gift from my parents.
Both myself and girlfriend (Soon to be wife) names are on the deeds.
We plan to get a joint mortgage for about 300k soon to do a large renovation to the house.
Could revenue deem her liable for Capital Accusations Tax on the 160k gift my parents gave to me?
Thanks