A commodity economy with record-breaking property prices, fuelled by ultra-low interest rates and Chinese buyers, raises taxes on foreign homebuyers. If it’s not your principal residence but is a second property such as a cabin, revenue property or simply a second family home, then there is going to be capital gains tax on its sale or transfer (assuming that it increases in value) even if your daughter’s name is on it.
So just to let off a little steam and raise a few points, whether in England or Canada blacks from Afro Caribbean backgrounds are known for crime and living in housing association projects and claiming some form of benefits and welfare and fathering children with different (Baby Mothers) and then abandoning them.
I think I would not say South Asian but only Asian, Yes it is true that now a days most of the immigrants came from Asia because as you guys already knows and I’m nothing to hide, our country Asia are not wealthy like Europe, Australia, America and Canada.
In his will, my ex stepmother got a portion (60%) of his teachers pension and his Canada pension, plus a few life ins policies that were small, plus five grand each (ins policy my dad was ordered to put aside when our parents divorced in the 70’s)from my two brothers(who mistakenly gave her the money because dad left her his ins policies in his will, plus 25grand in cash for an accidental death benefit on a truck that us three boys bought him.
Leaving the house in the name of the estate for a matter of months while your brother collects himself and makes plans doesn’t worry me. But if it is left in the name of the estate for too long, problems may arise, particularly if the executor of the estate should pass away.