We live in the North West of England so the property market is quite good at the moment.
2007-03-21 01:37:52 · 8 answers · asked by janeybest 2 in Business & Finance ➔ Renting & Real Estate
She will need to make it her home for up to 6 months to avoid capital gains tax. She needs to make sure utilities bills are in her name and local bank account etc. If she has another home too then she must let the tax man know as soon as poss before the sale that this new home is her primary residence... These taxes can be 40% and I'm no expert so maybe get some legal advice?
2007-03-21 01:49:32 · answer #1 · answered by Jackie 4 · 0⤊ 0⤋
Depends if you are making it a gift as if you die within a certain amount of time she will have to pay inheritance tax on it also if you are of an age where you may need to go into a home it could still be counted towards your assets, consult a solicitor
2007-03-21 01:47:23 · answer #2 · answered by JULIE S 3 · 0⤊ 0⤋
The moment the property is fully registered in her name.
2007-03-21 01:49:02 · answer #3 · answered by Prince Charming 2 · 0⤊ 0⤋
The next day
2007-03-21 01:41:44 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋
As soon as all the paperwork has been signed and transferred into her name then she can do as she pleases.
2007-03-21 01:47:11 · answer #5 · answered by Smarty 6 · 0⤊ 0⤋
Straight away probably. The question is perhaps more to do with taxation.
2007-03-21 01:45:05 · answer #6 · answered by Colin 6 · 0⤊ 0⤋
straight away but best to get her application at land registry finalised first so that she is the registered owner.
2007-03-21 01:43:55 · answer #7 · answered by Sugarlump 3 · 0⤊ 0⤋
it will be her house so she could sell it when she wanted to
2007-03-21 01:41:21 · answer #8 · answered by friendofb 5 · 0⤊ 0⤋