Our daughter is downsizing and using her redundancy money to buy a smaller property for herself and also three holiday-let properties to provide an income. She will inherit a fair sum from my wife and I (presently 86+).
I have suggested to her that my wife and I invest about £150,000 each in the rental properties.
With mirror wills, each will leave our share to the other partner. If one of lives for over two years, there should be a saving of IHT on £300,000. Any snags? Do we have to take a proportion of the rental income?
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