Postby robbie_arms » Thu Mar 15, 2018 9:42 pm
Thanks again.
So what are the options?
Objectives are:
1. Son1 wants to exit without receiving any proceeds and therefore without CGT
2. Son2 wants to use the property's value to help pay for Father's care (expenses, health, hired help, facilities, etc)
3. When Father passes away, Son2 would keep remainder equity, or execute wishes of Father as he expressed interest in leaving an amo
unt to Daughter.
Also, the current market value of the property after mortgage loan is deducted is below £325k.
So what are the options?... is there any trust that can be created to achieve this? I have heard about discretionary trust.
Is there tax on a final disposal after father passes away? I presume so... but that is acceptable however would like to minimise it.