When a homeowner fails to pay their property taxes, a lien is placed on their home and the tax lien certificate is later auctioned off to investors. I wouldn't be asking for it back it would certainly be a gift not a loan or buying into the property myself. if you split up, you will be the same as any other tenant in the country. The name on the deed is the only important factor. Normally, if the person has another main residence where they pay council tax then yours won’t be affected but if they don't, and they are over 18, then your single occupancy rate will no longer apply. You may have a … Mr and Mrs Smith are connected to Roger in the eyes of HMRC and have to use the market value of £500,000 for CGT purposes, not the £200,000 actually being paid. 10 Answers. While paying the property taxes on property owned someone else, will not automatically establish a Lien on the property, you can perfect the Lien by filing it in the Public Records, usually in the Office of the Tax Assessor, or Office of the Tax Collector, or a similar name. I’m paying the back property on someone’s else’s property and getting the receipts in my name. All states, including Mississippi, have a process that allows the taxing authority to sell a property to collect delinquent taxes. tit. Where I'm from, we pay property taxes to the city or municipality. And unfortunately, the Great Recession has made it tough for many people to pay the bill. Why? All homes are given a council tax valuation band by the Valuation Office Agency (VOA). I'm happy to write the money off as I'm not fussed about home ownership myself so it's better someone else benefit from it. 68 § 3105, § 3125). **Disclaimer: Every effort has been made to offer the most correct information possible. To make matters easier, any individual can pay taxes on someone else's property with no effect on the ownership of the home. However, if someone pays someone else’s property taxes on purpose, the beneficiary of that payment may be expected to report that as taxable … Ann. Because it is almost impossible to pay the taxes for someone else’s property. 1 decade ago. These are all things you need to bear in mind before making any decision on signing your home over to someone else. once I went to the reading of the will I found out there he had changed his will and he gave my brother 50% to him and 50% to me but we had paid my dad close to 35,000 for the property which we had agreed to paying him … Thank You . The main reason landlords use a company to invest in property is the benefit of taking advantage of corporation tax rates and dividend tax rates, which are lower than income tax. It is a tax on domestic property. You may also need to pay Inheritance Tax. Can I pay off someone else Federal Tax lien to obtain the property the lien is placed on? Having to pay someone else’s to boot could leave you shocked and cash-strapped. They are personally responsible for including their share of the income in their own tax return even if they agree that someone else will keep the records. Tax is now due on your full rental income of £20,000, less a tax credit equivalent to basic-rate tax on the interest. If you pay the property tax on property that is deeded to someone else, who really owns the property? Property taxes. Can someone else pay for my taxes? The property is worth £500,000 if they sold it on the open market however they are going to gift Roger £300,000 who'll pay for the £200,000 with a mortgage (undervalue mortgage). Council tax is a system of local taxation collected by local authorities. We had an agreement to where i would get the property after the taxes were paid. 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