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Hi All Take this scenario House on market for 350,000 two people want to buy this property jointly, person a has 175000 up front in savings, can person b then apply for mortgage of 175000 as a solo applicant, how would this type of application be viewed by bank as two names would be going on...

I think in this case the half share that is inherited by person living there would be eligible for relief but not the half share of person who is not living there.

Both nephews are joint exectuors and joint beneficiaries, nothing unseemly rather a failure to understand tax implications of certain decisions, the legal arrangement they wish to put in place is the deed of family arrangement, the issue is really around the cat bill for nephew one who will rely...

Yes Indeed, that’s what nephew 2 is getting at as in He agreed to take less of an inheritance so he wouldn’t have to deal with or worry about the house however I believe he is being shortsighted as if they agree to 50/50 split now they can both pay their cat from cash assets and he will have a...

It’s a very good point and one i had suggested and I believe this is the fairest thing to do but this is where another issue has come up, they made an agreement between themselves and uncle that if nephew 1 moved into the house which he already has he would take responsibility and benefit of...

Thank you for the reply, it is certainly something to consider yet not desirable by nephew, is there any leeway with revenue on matters like this, i read something about a one year deferement possibly given if relying on sale of house to pay cat?

Hi, I’m seeking some advice on behalf of a relative who has serious concerns over inheritance tax and tax bill they are facing, scenario is quite complex and would be grateful for any input Uncle in family who is now on his deathbed with cancer had made will leaving entire estate of whatever...