Afternoon all,
Situation:
Since my mother stopped working (5 yrs ago), i set up a standing order to her account to pay her mortgage. Every year I pay a lump sum towards the reduction of the total outstanding mortgage (usually £10k).
Question:
As the property is my inheritance, are there any tax implications with this?
Any advice appreciated.
Situation:
Since my mother stopped working (5 yrs ago), i set up a standing order to her account to pay her mortgage. Every year I pay a lump sum towards the reduction of the total outstanding mortgage (usually £10k).
Question:
As the property is my inheritance, are there any tax implications with this?
Any advice appreciated.