Hi
9 years ago my mother was advised by solicitor/accountant to gift her home to me and continue to live in it
she has lived their alone and paid a market rent for the duration (to which ive declared to hmrc and paid tax on)
she is now old and frail and may need full time professional care in a nursing home
how does this affect things re inheritence tax if she has to leave the house, given that she has well exceeded the 7 years?
i know there are differences between a PET and GWR.
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