hi guy's
can any one assist..?
my father passed away in oct. no will or nothing..everything passes to my mum..no problem so far..
their original house -london-which they bought back in the'50's has been rented my an old lady and her daughter since mid 65..small income ever since. now the daughter has gone so the house is empty. My brother is on incapacity but lives on a 2nd floor and finds it difficult to walk...
mum would like to buy a flat on the ground floor to help him out.
the house is worth -say-150k now with CGT and associated costs the 'net' would be around 70k -not enough to buy a flat in the area he lives..
now apart from mum uprooting 'theoretically or otherwise ;-) 'and living in old house how can we go about selling house and buying a flat without giving Gordon too much?? trust funds change of ownership ?? caymen island scheme??
any idea's much appreciated
cheers
richard