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F E Smith
F E Smith, Advocate
Category: Law
Satisfied Customers: 10121
Experience:  I have been practising for 30 years.
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We are selling our mum's house to cover nursing home costs.

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We are selling our mum's house to cover nursing home costs. Will there be income tax on the sale as income?

Hello what is the likely amount the sale will realise and what do you mean by 'as income'? thanks

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Customer: replied 2 months ago.
The sale will be about £525 - 550K. I may may have used the word 'income' incorrectly. I simply mean when we sell the house for our mum so that we can pay for her nursery home charges, will the sum from the sale be liable to any form of tax?
Customer: replied 2 months ago.
OK I'll continue with the online conversation. I sent a later addition to my first question which is: will there be any tax to pay on the sale of our mum's house which is going to fund her nursing home costs? The house should realise £525 - 550 K.

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