gompertz.bsky.social
👤 Joined on 14 November 2024
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@gompertz.bsky.social"I think we've been too much on the back foot on that actually and we haven't informed people sufficiently about the extent to which people are seeking to disrupt the political process from overseas," he added.
Show PostThe catch that often gets people is that if the property is mortgaged and the recipient takes over the mortgage, then that's consideration, and stamp duty applies on the value of the mortgage. 🚨🚨 NOT LEGAL ADVICE 🚨🚨
Show PostThat is exactly right. If you are retired and have a £2m house and £2m investments, you will be living off your investments. If you have £30m of investments, you can give a very large £ to your kids and not change your quality of life.
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