She is between a rock and a hard place. If she asks the
housing association, they are likely to say that she has enough money to buy
our own house, so no longer qualifies.
If she gives the money away, she has deprived herself of
capital, which is technically fraudulent on the housing association if that is the criteria.
The idea behind social housing is this it is provided for
people who do not have enough money to buy a house of their own and therefore,
the house that she is in is depriving somebody else of a house who is eligible.
Of course, they may never find out but I cannot tell you
to hide it.
She can make any gifts she likes to you and for tax
purposes, once you have had it the seven years, it is free of inheritance tax.
It is also free of income tax and capital gains tax liability by you. If her
estate, when she dies, is under 325,000, there is no inheritance tax,
regardless of when the gift was made.
If the money is used to buy a house, and he is not your
prime residence, you are liable for capital gains tax when you sell it.
Leaving the housing association out of it, if she simply
buys a house for you and put it in your name, you are free to s sell the house
and spend, gamble, waste the money, as you wish. She loses control.
Can I help further?
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The thread remains open for us to continue this exchange