Hello All,
My husbands uncle passed away and left an estate worth around £700,000. Apparently there was already the intention to leave my husband one of his properties but when it all came out in the wash no will was made.
my husband has always intended to build a house on this land and has talked many times with the family about this.
anyway, my husbands mum is the executor and went to the solicitors and told her nothing can be done the ITH bill is £150k. Sell the properties. We obviously really wanted it. it’s been abandoned for 30 years inhabitable and derelict. We had charteeed surveyor out to discuss planning who told us there was a argument for abandonment on the ‘premises’ due to the time it’s been left empty and told us it was nothing more then hope value as planning would be difficult and he would pay more then 150-200k. We offered 300k a another person in the village £200 and someone else 300k. So they were going to give it to the other 300k interested person, so we offered the same and they accepted.
Since we’ve waited for probate the sale price was agreed and put through the solicitors, we applied for planning permission (still awaiting decision) and we were allowed to do some clearing in preparation. It’s now obviously 1000% better now we’ve opened it up and paid at our own expense to cut down some trees that had fell into the house as they weee unsafe and we couldn’t get into it to properly see what we wanted to do.
anyway, we are near completion and they have called to say HMRC are investigating a undervalue in both properties (the other has completed, and we are due to complete this week)
They have said their solicitors have said they can’t sell it to a relative either and have been asking why there has now been a planning application submitted.
We have spent out loads on planning, clearing, legal fees and loads more! What’s the difference to selling it to us or one of the other people that they would of sold at the same price. We have used a bridging loan for funding which we will still have to pay the fees on regardless.
we are at a loss as to what to do. We don’t want to get them into trouble but we also don’t want to loose money.
has anyone ever dealt withthiS before