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Christmas gift gone wrong?

19 January 2006
Issue: 4041 / Categories: Forum & Feedback

In May 1988, Gordon (who was married and who had his own home) purchased his parents' residence from the local council at a discounted price of £3,000. His father died in June 1998 and shortly afterwards his sister Carol, who had matrimonial difficulties, returned to live with her widowed mother. Mother wanted to ensure that after her demise, Carol would continue to have a roof over her head and so put pressure on Gordon, who, in December 2004, gifted for no consideration one-third of the property to Carol. On the same day, Gordon gifted one-third of the property to his spouse.

In May 1988 Gordon (who was married and who had his own home) purchased his parents' residence from the local council at a discounted price of £3 000. His father died in June 1998 and shortly afterwards his sister Carol who had matrimonial difficulties returned to live with her widowed mother. Mother wanted to ensure that after her demise Carol would continue to have a roof over her head and so put pressure on Gordon who in December 2004 gifted for no consideration one-third of the property to Carol. On the same day Gordon gifted one-third of the property to his spouse.
In January 2005 Mother died and Gordon took it upon himself to sell the one-third shares of himself and his wife to his sister Carol at the market value of £40 000 (2/3 of £60 000). This transaction was completed...

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