Reply To: Previous Property Placed Into A Trust

#286071
peterdelamothe
Keymaster

Not going to argue with PB but this type of issue is becoming very common these days as property rises in value. Give away your house which may be worth a fortune and then expect taxpayers to fund your rent and lifestyle. Morally wrong and one reason why the UK is reaching £3 trillion in debt. We now have nearly 9 million renters in the UK and they are paying huge amounts in Council Tax for one….many will never own a property.

A classic case of deprivation but to avoid tax I suspect.