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  1. H

    What if a relative I live with leaves me their home after death?

    Thanks for all the advice folks, I'll look into it further.
  2. H

    What if a relative I live with leaves me their home after death?

    But I wonder could I hold onto the property for the moment and sell it just before the 3 years are up even if I have no intention of renting it out? That way I'm reducing the balance on the mortgage and house prices may increase further.
  3. H

    What if a relative I live with leaves me their home after death?

    There's certainly a lot to think about there. I wonder who would be the best type of professional to offer advice in this situation - a solicitor, an accountant or perhaps talk directly to Revenue to ask the question "hypothetically"? It seems quite complex to me. Would Revenue even humour me...
  4. H

    What if a relative I live with leaves me their home after death?

    That's certainly food for thought Brendan, I'll look into it further. Thank you for your advice.
  5. H

    What if a relative I live with leaves me their home after death?

    Wow, that's certainly something to consider Brendan, thanks for pointing that out. So if within the 3 years she was to pass away and I still had my own house when would the CAT need to be paid? Would I have time to sell my own house and raise enough money to cover the shortfall before I'd have...
  6. H

    What if a relative I live with leaves me their home after death?

    Probably the new place and the idea of being free from a mortgage is a dream come true to be honest. I'm loathe to contribute to the current rental situation by charging someone extortionate rent but friends are telling me I'm mad not to rent it out and let the house increase in value while the...
  7. H

    What if a relative I live with leaves me their home after death?

    I will soon be moving in with an elderly family member to provide care for them and security as they currently live alone. I will still be working full-time but providing care and a sense of security at night. It is their intention to leave the house to me in their will but I currently own my...
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