The mortgage on the home of a person has been redeemed by their adult child. The ownership is being transferred to an adult child on the proviso the parent remains in the house for life.
1) Is there a CAT liability for either parent or child from the transfer of ownership? (house value <€150k)
2) Is there a CAT liability for the parent having their mortgage redeemed?
Thank you in advance for any insight
1) Is there a CAT liability for either parent or child from the transfer of ownership? (house value <€150k)
2) Is there a CAT liability for the parent having their mortgage redeemed?
Thank you in advance for any insight