Gifted House for inheritance tax reasons

Caz3121

kimbo1905 wrote: »

why would i need to rent it back to them if all the bills are in my name ?

kimbo1905 wrote: »

Can i rent it back to them?

you asked the question...

Keep_pedalling

kimbo1905 wrote: »

My mum and dad are in their late 60's and thinking of buying a house back in the UK to retire in. Their thoughts are to put it in my name so it wont be liable to inheritance tax in the future. Im already paying off a mortgage. Is there any down side to this other than they have to pay extra stamp duty? Can i rent it back to them?

Thanks in advance

Your parents must had you very young, according to your other thread you are 65

DCFC79

Keep_pedalling wrote: »

Your parents must had you very young, according to your other thread you are 65

Incredibly young indeed.
Be a worlds first.