Fergus Wilson Panorama documentary – now available on iPlayer22:10 PM, 18th March 2019
About 4 days ago 93
We purchased a house as a BTL in 2014 for £120,000. It’s now worth around £177,000 we only got the place so our daughter had some where to live after divorce
The mortgage owed now is £56,000, and we would like to give the house to our daughter and she get a mortgage for the £56,000 outstanding, she would (we think) end up paying much less per month.
Our daughter is now working full time an able to pay a mortgage instead of claiming HB for rent
what would the TAX implication be for us!
I am 65 and retired and 20% tax payer my wife does not work.
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