If she sells her home and it was never rented out then CGT is irrelevant.Are there any particular things she should be looking out for such as capital gains tax.
My Dad passed away recently. My mum currently lives a long distance from me in the family home. A house has come up for sale beside me and she would like to purchase the house with her savings. She will eventually sell the family home but is emotionally unable to break ties with it just yet. I feel she needs some financial advice before she makes a decision but she is reluctant to discuss her affairs with a third party. Are there any particular things she should be looking out for such as capital gains tax. Any advice would be greatly appreciated.
There aren't really any tax issues if she leaves the old house vacant.Are there any particular things she should be looking out for such as capital gains tax.
In the present housing crisis?Could she rent for a while near you in order to test the waters?
No, 20 years ago.In the present housing crisis?
She will eventually sell the family home but is emotionally unable to break ties with it just yet. I feel she needs some financial advice before she makes a decision but she is reluctant to discuss her affairs with a third party.
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