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CAT: transfer of ownership of house from parent to adult child

  • 14-12-2016 2:59pm
    #1
    Registered Users, Registered Users 2 Posts: 407 ✭✭


    The mortgage on the home of a person has been redeemed by their adult child. The ownership is being transferred to an adult child on the proviso the parent remains in the house for life.

    1) Is there a CAT liability for either parent or child from the transfer of ownership? (house value <€150k)

    2) Is there a CAT liability for the parent having their mortgage redeemed?

    Thank you in advance for any insight


Comments

  • Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    Property related queries are not allowed. Sorry.


  • Registered Users, Registered Users 2 Posts: 407 ✭✭Carnmore


    Lockedout2 wrote: »
    Property related queries are not allowed. Sorry.

    Why? It's a CAT query


  • Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    It's a CAT query on property. If its wrong its a huge liability.

    Why in Gods name would you take this advice on the internet.

    Seriously. Go see a professional and get professional advice


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