Tag Archives: Parents
does money inherited by the sale of parent’s house have to be reported as income?
my friend’s mother in law died in 2005 she wrote a will saying the house would be sold upon her death with proceeds going to her 4 daughters. the house was sold in 2006 does the money my friend’s wife received from the sale of the house have to be reported on their 2006 tax … Continue reading
Am I liable for the taxes on my deceased parents house if I short sale?
I am on the title of my deceased mothers house, but the mortgage is still under the estate. Unfortunately the house is not selling. If to house is sold as a short sale would I be liable for the taxes? Would my credit be effected?
In Texas is it legal to deduct expenses from money received for sale of parent’s house?
My husband’s older brother is selling their parent’s home after their mom’s death. The will divides the sale of the house in 5 parts (5 brothers) but the oldest one wants to deduct from the rest of the 4 brothers money for repairs he made to the house (no brother was told about these repairs) … Continue reading
Can a couple claim housing benefit or is it only for single parents?
My partners contract is ending late August, so he may be unemployed although I expect he will find another job by then hopefully. Anyway if he doesn’t manage to find work by then I just wondered if a couple can claim housing benefit? Our rent it £670 per month it might seem a lot by … Continue reading
housing benefit uk? ?
i am 18, a college student, my parents told me to leave my house, i work a 13 hour job aswell as attending college, the amount i make isnt enough to cover the rent for a room i am currently renting. I want to claim housing benefit, i have the form what looks very foreign … Continue reading
How much savings can I have whilst claiming incapacity and housing benefit?
My parents want to give me a gift of money but we cant seem to get a definite answer.
Can my son get housing benefit?
My son lives with me, but pays half the rent so it isn’t like he is living with parents really it is more like we share the house. Currently the housing benefit people won’t recognise this because his name is not on the lease. If we alter the lease to show both of our names … Continue reading
Is it possible to buy a relatives house for £1 to avoid inheritance tax?
I have heard that if a relative, for example your parents, mutually agree, you can legally buy their house from them for an arbitrary sum e.g. £1 and go through solicitors so it is all legal. This way when they die you will own their house tax free. Is this possible or are their other … Continue reading
moving house (2nd) -need advice?
i bought my current house for 110.000 in north east england-semi detached 2 bed. I put 15,000 deposit down and got the rest in mortgage. hopefully will sell it for 120,000/115.000 as we got it at a reduced price… i have seen a 3 bed detached house 175.000 which i am very interested in. me … Continue reading
did adding my name to a property hurt me?
me and my husband plan to purchase our first home next year. I currently stay in a family owned apartment building with my parents and brother. Last year we did a quick claim deed adding my name to the deed (it wasn’t on there because when we bought the building I was not on my … Continue reading
If my parents were to buy my house from me and rent it back to me would I be able to claim benefits ?
My parents would like to buy my house form me and rent it back to me cause I cant afford my mortgage would I be able to claim housing benefit if I’m related to the landlord ?
How can I get my real estate agent to drop the commision for selling my house?
I am trying to sell my parents house NY. How can I get the real estate agent to drop the commision from %5 to something lower.By: JohnnyAbout the Author:
How can you sale a house quick to get out of a really bad neighborhood?
An option please help any advice would short sale due to get out of house for more than 23 years and in house that police.