Reversing gift

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    #16
    Joint tenants don't own anything 50:50, they both own the entire property.
    So I don't think that the gift is part of the property.

    Tenants in common would be different.

    But this isn't something I am particularly confident about.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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      #17
      Originally posted by AndrewDod View Post

      The earlier gift from your Mom to you fails (as a PET from her) because you are giving it back ......


      Ahh yeah got it. As the earlier gift fails does another 7 year PET start again if she buys the share back as cash.

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