Hi all,
My Dad passed away at the end of March. He owned a rental property with my mum as joint tenants which my mum is looking to sell at some stage. I sent the relevant paperwork to land registry to take my Dad's name off the deeds (to make things more straightforward) but my mum has been advised by an accountant that this was not the right thing to do and could have tax implications.
I am not a tax expert but I am not sure how this can be right as the property automatically became hers on my Dad's death.
Can anyone advise? I am feeling really guilty!
Replies (10)
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Are you your father’s executor and have you been granted probate?
https://www.gov.uk/applying-for-probate
(No idea if that’s strictly necessary to deal with the specific property issue but one step at a time.)
What specifically did the accountant say and what tax issues were mentioned?
I would be interested in why this was any issue at all as well
Maybe the clever accountant has whizzo avoidance scheme
Mum trusts the accountant
Best Mum asks the accountant what exactly the issue is
As I understand it Mum gets the property by survivorship, not probate
But then IANAL
You are