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Posted Wed, 09 Oct 2024 18:27:41 GMT by eatonrebecca
Hello, My mum recently passed away, and since then I have purchased my own house - when my solicitor tried to access my LISA she found I no longer qualify for the government bonus as I’ve “inherited” a house. The house in question was my mother’s, it will never be in my name as it’s currently on the market to be sold and it’s under the executor of the wills name and will be split between 5 individuals (myself included). I’ve tried to contact the LISA themselves but they said it’s an HMRC issue. Does anyone know anymore information about how to get the 25% government bonus back. I don’t qualify to pay stamp duty as that still classes me as a first time buyer so I don’t understand why this doesn’t also apply? Thank you
Posted Wed, 16 Oct 2024 09:43:19 GMT by HMRC Admin 8 Response
Hi
Unfortunately, we are unable to provide specific advice tailored to individual circumstances on this forum.
This forum is for general queries only and is intended to help you self-serve. You are able to contact HMRC regarding Inheritance tax here:
How Inheritance Tax works: thresholds, rules and allowances
Alternatively, you may wish to engage the services of a professional advisor/accountant to assist with your enquiry.
Thank you
 

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