UK/US Lifelong Tenancy rule

UK/US Lifelong Tenancy rule

Postby bettyturner1@hotmail.com on Sat Dec 03, 2011 6:11 pm

Does the US IRS accept UK 'Lifelong Tenancy' rule on property in UK under a Deed of Trust? Parents lived 21 years rent free so no dividends were received up to their deaths. Flat was sold this year & proceeds transferred to US where I am resident. Parents were low income & did not need to file UK tax returns. Thanks for any information available.
bettyturner1@hotmail.com
 
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