deed transfer

[davidwhitt]

my mother wants to transfer the deeds to her house to myself as a gift ( to sell after her death) is there any problem with this.the house is valued at approx �75000

[steve2010]

only if she dies within the next 7 yrs.

[Barmaid]

and then only if her estate exceeds the nil rate band for inheritance tax at the date of death. If she is planning to live in the property after the gift though, AND her estate is taxable for IHT, this will fall foul of the gifts with reservation of benefit or previously owned assets provisions and will still be fully taxable.

[Nether Edge]

...or were you asking about conveyancing aspects of what you propose?

[dzug]

There is another possible snag.

If your mother needs to go into care, the local authority can claim it was deliberate deprivation of assets to give the house to you, so it can still count as her property when assessing fees.