Hi all,
I just joined the forum and I am interested in the comments made concerning 'renting to a relative'. In particular, your comments 'Kitty-Kat'.
I was hoping for advice on the following:
My brother currently resides in a property in which I own 33%. He lives alone. My two sisters own the other 66% (33% each).
I wish to pass on my 33% to my son, but I want to know if I can avoid the disposal tax on this. My approach is that he is a dependent relative, who has an infirmity ( mental instability) and thus I can claim full-relief. On thing I want to check is that my brother is still alive, and I wish to pass the property this year. Is this possible? Anyone any advice on this?
Regards and thanks,
Full-Back.