If an individual sells his house to his son for full market value and continues to live in the house, this clearly is not a GWROB as there is no gift, but is it subject to the POAT?
Would it make a difference if the son lived with the individual?
another GWROB/POAT question
3 posts • Page 1 of 1
another GWROB/POAT question
by Paula Henderson on Wed Oct 05, 2011 12:48 pm
- Paula Henderson
- Posts: 39
- Joined: Mon Jul 26, 2010 10:17 am
Re: another GWROB/POAT question
by Paula Henderson on Wed Oct 05, 2011 1:48 pm
Would the situation be different if it were H&W and they each sold a half share to son.
- Paula Henderson
- Posts: 39
- Joined: Mon Jul 26, 2010 10:17 am
3 posts • Page 1 of 1
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