Owen McGee
speaker
1,739 appearances
11 recordings
2 series
first heard May 2026
last heard 3d ago
Owen McGee’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Sep 2026 with 3.
Appearances
And she doesn't inherit the family home that you're in at the moment and she doesn't have any own uh any of her own property at the time, it won't come out of her allowance and because you're dead you won't pay capital gains tax on it.
So it's it's something that needs to be considered because there is a difference between passing something when you're alive and passing something when you're gone.
Don't transfer and I don't know how that works from a life perspective, whether that suits her life, your life, and whatever else it is.
But th what I would say is is there there is certainly something worth sitting down with a tax planner on and talking to them and saying what's the right way of doing this?
Does that make sense to you, Joan?
Exactly.
Yeah.
Yeah, whatever you gained.
She may avoid the tax, but she'll it's more likely she's gonna avoid the tax on your death than she would if you give it to her during your lifetime.
you could do there is is you could you could get good some legal advice to the primary residents disposed of in a different way that she doesn't inherit it on the day.
And we we are getting complicated.
I'm and my I don't know if there's other siblings or what way it is, but I would certainly be sitting down with there's too much at play here to to make a bad move on this and get hit with a tax bill today, and you could probably avoid the tax bill later on if it's structured properly.
Yeah, so uh first of all, Mary, I I feel for you th there's a lot that has to be thought about and there's a lot on your shoulders in terms of what are the next decisions, how do I make the right decisions now, what does the future look for for everybody involved?
So i it is a difficult place to be in terms of just trying to map it all out and understand it and and and I hope you're doing all right with it.
But um what I will say is is in relation to the five thousand euros, was the money given directly to your son?
Or was it given to you for the benefit of No wha how was it giv what what way was it left?
Yeah,
But it's for him.
Okay.
So you could do the so just to explain for the general audience, because you've already set up the trust, but just for for everybody else listen to explain, sometimes people will use a a tr a trust.
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