Property dispute - advice/comments appreciated

[Red Kite]

Re: Property dispute - advice/comments appreciated

Oops... about 26k? (forgot to deduct 10.6k allowance)

then @18%

[PlanB]

Re: Property dispute - advice/comments appreciated

.. about 26k? (forgot to deduct 10.6k allowance) then @18%

No point in asking me anything about maths - I'm a woman msl:

[wales01man]

Re: Property dispute - advice/comments appreciated

If we have the 5th amendment I invoke it?

[meellis]

Re: Property dispute - advice/comments appreciated

I would imagine that your uncle who you say is already wealthy has probably seen the tax implications and knows the less he sells for the less of a tax burden which impacts both the money received from the sale and the perceived losses from undervaluing so the undervalued loss isn't quite as high as you imagine. If you are right about the undervaluation then your aunty could be inheriting a greater tax burden due to perceived larger profit she would make if she went on and sold hence the difference between what you feel she has made by undervalueing it could also be smaller than you imagine so a suggestion would be a complete financial analysis by somebody who understands could be worthwhile. You do not want a fight, bad blood and legal bills and find out you are barely better off further down the line. You could take a decent offer and get rid of the tax burden and then re-invest in a more tax efficient way knowing at the moment the tax burden could be rising at the same rate as the value.

[Red Kite]

Re: Property dispute - advice/comments appreciated

I spoke to a solicitor on 27/1 who said that my aunt needs to send me copies of the invoices to support the £20k refurb expenditure.

I was advised to also ask for the details of the letting agent so I can get my own independent valuation.

The solicitor also advised me that I can do as I like with my share as we are joint tenants in common.

I emailed my aunt on 27/1 asking for copies of the invoives relating to the refurb. To date I have not received anything. Neither have I received a reply to my email. (I sent a reminder on Thursday.)

[CleverClogs]

Re: Property dispute - advice/comments appreciated

The solicitor also advised me that I can do as I like with my share as we are joint tenants in common.

This is nonsense.

You could be joint tenants or tenants in common, but not both! (link)

[Red Kite]

Re: Property dispute - advice/comments appreciated

Sorry - I meant tenants in common