Showing results for tags 'inheritance'.
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French farce as British expats face a shock £8,000 fine if they do not declare their inheritance trusts to the Paris tax office Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2158326/British-expats-France-face-shock-8-000-fine-declare-inheritance-trusts.html#ixzz1xmmGQ3RJ -
Hi everyone, long time lurker here. I have a question and I'd be grateful for any advice. The scenario is: two sisters, Sally and Jane (not their real names and their words are spoken by an actor). They have inherited a property, and own it as Tenants in Common, with Sally owning the greater share. Sally has offered to buy Jane's share and Jane is fine with that - all good so far. However, Jane wants to, kindly, give (not sell - give) her share to a half-sister, Mary, (who was not a beneficiary of the Will) as Jane already has a home of her own and Mary has not. Would it be better for Jane to transfer her share of the property to Mary before Sally buys it (and then for Sally to buy it from Mary) or for the sale to go through, and for Jane to then give Mary the money. We are wondering if there are any tax implications, or anything else we may not have thought of. Any advice or experience much appreciated.
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I've inherited my mother's house in her will but it has 10000 debt attached, 5000 secured against the house. I want to keep the house but can't pay the debts off. Are there any good firms that will buy equity in it, or what should I do? Cheers for help in advance
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