Andy Burnham’s chronicles
Yesterday, 22:13
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#91
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Re: Andy Burnham’s chronicles
So you would be "forced" to sell a £550k house, to pay £20k.
Meaning you would then be left with £530k in your bank account ?
Hmmm, Yeah, I can see how terrible that would be.
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Today, 05:13
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#92
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cf.mega poster
Join Date: Jan 2008
Posts: 11,120
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Re: Andy Burnham’s chronicles
Quote:
Originally Posted by Paul
So you would be "forced" to sell a £550k house, to pay £20k.
Meaning you would then be left with £530k in your bank account ?
Hmmm, Yeah, I can see how terrible that would be.
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Exactly. Giving £20,000 back to society in return for a £550,000 gift is a problem i'd be happy to face everyday!
---------- Post added at 06:13 ---------- Previous post was at 06:12 ----------
Quote:
Originally Posted by jem
Spouses yes, they are exempt for CGT on a property, children not so.
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They aren't exempt, but they receive a higher allowance as noted by Dingbat.
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Today, 07:12
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#93
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vox populi vox dei
Join Date: Mar 2007
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Re: Andy Burnham’s chronicles
Quote:
Originally Posted by RichardCoulter
Exactly. Giving £20,000 back to society in return for a £550,000 gift is a problem i'd be happy to face everyday!
---------- Post added at 06:13 ---------- Previous post was at 06:12 ----------
They aren't exempt, but they receive a higher allowance as noted by Dingbat.
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did society help to pay to buy the house or does it just want the gravy
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