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CGT if you sell in your lifetime on any capital gain (18% of increase less annual allowance you and wife may have, about 10k each p.a.)

IHT at 40% if you die and it is in your name if your estate is over 300k (or 600k if part of couple and neither you nor wife have used any of your personal allowance with lifetime gifts in the seven years pruior to death). Buy it and gift it to son and live seven years and no IHT (it is a potentially exempt transfer). If you don't already know at least all this you should really get advice. Do not get into trust deeds...the lawyer will have a laugh at your expense and it is impossible to avoid tax liability this way unless you are one of our leaders or own a supermarket or a redtop tabloid.

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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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