Safe as Houses?: The Homeowner's Guide to Property, Inheritance and Taxation

Safe as Houses?: The Homeowner's Guide to Property, Inheritance and Taxation

by Liz Hodgkinson (Author)

Synopsis

Inheritance tax, once almost exclusively a tax on the wealthy, is now affecting more and more people in the UK as a result of the exponential rise in property prices. Home-owning families are becoming increasingly concerned about the implications of the tax - in particular when it comes to passing on their property to other family members. Practically written, this book provides guidance and strategies for homeowners to enable them to understand how the tax might affect them and what they can do to minimise liability and reduce stress. It covers a range of issues including: understanding tax loopholes and what they really mean; giving away property while still alive; strategies for married couples, civil marriage partnerships, and joint ownership; trusts and other options and choices.

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More Information

Format: Hardcover
Pages: 180
Publisher: Kogan Page
Published: 03 Oct 2007

ISBN 10: 0749450126
ISBN 13: 9780749450120
Book Overview: Safe as Houses explains the various different options that are available regarding minimizing property tax liability and helps you decide which might be right for you. It explores subjects such as inheritance tax, retiring abroad, buying with your children, down-sizing, buying with a friend, equity release schemes, age-exclusive housing, and more.

Media Reviews
A practical guide for older homeowners in retirement. Moneywise, December 2007 Liz Hodgkinson is a respected property journalist who has published other books on property matters. This is a welcome addition, which examines the financial implications of each housing choice. Choice
Author Bio
Liz Hodgkinson is a prolific author and journalist. She writes regularly on property matters for the Evening Standard and the Daily Mail, and also contributes to The Guardian, The Daily Telegraph and various magazines and web sites. She is also the author of the best-selling Complete Guide to Letting Property, Complete Guide to Renovating and Improving Your Property and Complete Guide to Investing in Property, all published by Kogan Page.