John Buckley wrote:I wonder if by doing that you would incur liability to capital gains tax Jan, as you would perhaps be deemed as giving away an asset?? Not really sure but just a thought, I daresay some of our brighter sparks on here would know the answer!
John, I was thinking more of something like joint ownership. At the back of my mind I have a feeling you have to live for another seven? years to avoid problems with tax.
Thinking of the the problem of an ageing population, I am surprised the insurance companies are not promoting some kind of insurance plan to cover our possible need for care, they advertise plenty for various funeral plans.
