Buying out a mortgage

[Mikeyboy]

All this talk of mortgages today has got me thinking.
My mum is a couple of years away from retirement but is a lot further than that with her mortgage is you see what I mean.

So if I buy out what remains on her mortgage I'm being a good son, that much I know. But what advantages or even disadvantages can it bring?

Do i bypass inheritance tax for example? You know, that sort of thing.

[scotal]

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Will probably answer some of your questions.

[Mikeyboy]

It does thanks Scotal. It leads to one other question though.

Was the upshot that even though its a nice thing to do the government frown upon it and tax you up the ying yang?