Want to help out the parent!!!!!

Discussion in 'Loans & Mortgage Brokers' started by Matt2503, 18th Sep, 2016.

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  1. Azazel

    Azazel Well-Known Member

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    I swear they were alive last time I saw them...
    Weekend At Bernie's style.
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    but, seriously though it would need to actually be their main residence at the time of death - 6 year rule could possibly apply though.
     
  3. Big Will

    Big Will Well-Known Member

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    It would take a lot of effort to move them into different properties when they are on their deathbed and would probably cause them to go earlier due to the stress of moving.

    Although it would be in some ways humorous if someone has done this as a strategy to save money...
     
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    You dont have to time it prefectly. But as you yourself age you could move into an investment property. This may have been the dream home from the beginning which was rented out.