Q I’m looking for advice on the tax implications of buying a property for my disabled parent to live in. My husband and I own our house that we reside in, in Scotland. We also have children and I work part-time.
I own my mother’s home because she cannot get a mortgage. Because of her disability I need to move her closer to where we live so I can help care for her. She cannot work and is therefore not able to get a mortgage in her name in order to move. This means I will need to get a mortgage to buy the property and this will then mean it is classed as a second home and be liable for the additional dwelling supplement. This is an additional tax of approximately £15,000 on the home prices we are looking at.
