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well bednobs the original reason why the house went in our names was to keep my mothers mits off it and more importantly the mits of her family who were the ones fueling the breakup, divorce and claims for all they could, basically she has a twin sister (an accountant) who will do her best to take all the inheritance and she wanted to keep my mum happy by getting her the house, they made fake claims and she even pretended that mother had worked for her her when she was still in italy ! - so that she could claim for legal aid off the taxpayer to do her dirty business, to be honest I don't know how they did it and if i was in the UK at that time i would have gotten to the bottom of it and brought to light the certain fraud they were committing, they only gave up when the grant run out and it was obvious we had outsmarted her. In the mean time this costs us thousands. I was making international calls on a biweekly basis to our solicitor to ensure he got the message to her that it weren't going to work.
At the time we lived in Italy and the house was rented (or should i say being wrecked ;( ) and it was the best option to keep it in the family at least as it would have either been sold to cover legal costs or ended up in my mums sisters hands and later in her bank account.
having put it in our names and yes we were aware it avoided inheritance tax we preferred to leave it so as there was not much point in spending money changing it and my dad is ever fearful that his now ex sister in law my try it on again (in my mums name of course) and we no longer have the money to fight it, initially we all lived in it although it was a bit small for 3 adults and so myself and my sister having got full time jobs bought our own houses. My father does not want to go into care in later life and expect myself and my sister to look after him (cringes). Either way be it ours or his house the preferred choice would have been to rent it to pay for care as and when that comes along, as they say we will cross that bridge when we come to it, I have no idea of what care he is entitled to and the circumstances were not created to get him free care.
Indeed I have often commented that I'd be happier to not have the house in my name, if he ever wants to move (as he does to a bungalow) it will count as a sale of a second home for me and my sister and money will be lost in taxes anyway (so much for us dodging paying our dues !) if either of us were to default on our mortgages he could loose the house as they could reposes that too if our own houses did not cover the costs. So however way it is done there are down sides and we are not getting away with anything really.
My comment about my housing tax when i lived there alone was that while on jobseekers I was not told of what else i could claim for, the only reason I could keep up the payments was by pure luck of finding a few days work here and there, otherwise as thing were i would have gone into the red. Fortunately unlike many people I can live on little when required and know how to manage what little money I may have.