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Posted
17 hours ago, Richard 1234 said:

On the inheritance thing I think that’s one of the reasons that dad hasn’t sold up.

he did look at selling and buying somewhere about a quarter the size as he still wanted land. Trouble is those places are overpriced due to city bankers and the like wanting a big house with 40/50 acres.

capital gains would have eaten most of the difference in price making it unviable (well poor anyway) as the farm is making money now even though he has contractors do 90% of it as he’s old now. If he doesn’t get better it will have to get sold I guess as I won’t be able to afford to buy my sister out. Might be able to sell most of the land and pay her off that way. It really depends on how much tax that will create I suppose.

capital gains does piss me off as it was bought not as an investment but as a home for my grandad and family and afterwards/during and up to know as a home that obviously made a living. But that’s all it was a living. It never made huge money

farms are exempt from death duties.

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Posted
23 hours ago, openspaceman said:

Technically you should apply for a Traffic Regulation Order but that costs money so as long as the diversion is temporary and not inconvenient...

Indeed! :) The 1980 Act uses the term "comfort" for the footpath user.

Posted
2 hours ago, john87 said:

Hi there, I know nothing  of your situation, but any property in your dads name needs transferring a bit quick. Never mind inheritance tax, that is the least of your worries. If your dad ends up needing to receive any sort of care or to be in a care home, social services will take the LOT to pay for his care.. The fact you live there means nothing, you will be evicted and the property sold..

 

john..

No that won’t happen.

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Posted
52 minutes ago, Richard 1234 said:

Yes it could be a problem if cash wasn’t available to pay for care it’s true.

Yes, but it does not matter how much money you have got, you would have to be TERRIBLY rich.. My mum has a private pension of about £2500 a month.. Social services take every penny from her apart from £30 a week, so unless you have about £500,000 you do not mind spending....

 

john..

Posted
2 hours ago, john87 said:

Yes, but it does not matter how much money you have got, you would have to be TERRIBLY rich.. My mum has a private pension of about £2500 a month.. Social services take every penny from her apart from £30 a week, so unless you have about £500,000 you do not mind spending....

 

john..

The care cost cap will help from next October. It’s shit that it’s not been capped before now. My grandad had to pay about £150k before he died. That was 25 years ago. It also depends if it’s care or nursing you need from what I remember. If it’s actual nurse care you need costs are scary.

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Posted
5 minutes ago, Richard 1234 said:

The care cost cap will help from next October. It’s shit that it’s not been capped before now. My grandad had to pay about £150k before he died. That was 25 years ago. It also depends if it’s care or nursing you need from what I remember. If it’s actual nurse care you need costs are scary.

If it is actual nursing care, so in other words, your need is primarily a health need, then NHS CHC are supposed to pay and NOT you, but local authorities are liars and hope you never find that out.. Google "monica coghlan continuing healthcare"

 

john..

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