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banjoman · 13-04-2008, 17:48

Just hope the kids dont get done on inheritance tax...I remember on a TV programme that they pointed out :

If both parents died and say the house was worth 500K, the kids would have to pay a big lump sum of inheritance tax. If the kids who didnt have that money, they would have to sell the house to pay the tax ??? I mean come on how is that fair.

If it was me, and I was that old lady, I`d sell it to the kids now for £1 with the legal agreement I can live there till I pop my clogs.

13-04-2008, 17:48	#9
banjoman Full Member Join Date: Dec 2007 Location: A galaxy far,far away Posts: 155 Liked: 3 times Rep Power: 41	Re: Rarity.... Just hope the kids dont get done on inheritance tax...I remember on a TV programme that they pointed out : If both parents died and say the house was worth 500K, the kids would have to pay a big lump sum of inheritance tax. If the kids who didnt have that money, they would have to sell the house to pay the tax ??? I mean come on how is that fair. If it was me, and I was that old lady, I`d sell it to the kids now for £1 with the legal agreement I can live there till I pop my clogs.