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How do the new Inheritance Tax rules affect the 7 Year Gift Rule?
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So my calculations are correct?0
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And no CGT as we live there as our main residence.0
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NeddyHelpy wrote: »And no CGT as we live there as our main residence.
Now that you tell you are all living there, that is correct.
What happens however if you die before them or run into financial trouble or get divorced?
What happens if either of them need care in later life, do they really want to be stuck with no choice of where to go, or do they have other assets which will fund that?0
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