Property given to me by my Mother 12 years ago the value was 600,000 at that time. She continues to live in the property .
She pays me market rent to avoid the Gift with reservation rules.
I want to sell the property and buy a smaller property in my name for £320,000 for her to occupy.
I am aware of the CGT problem.
RE IHT does she still have to pay me market rent on £320,000 to avoid the Gift with reservation rules.
Can I give her the money let her own the property. As it will be her only asset it will be below the IHT threshold. Therefore she does not have to pay me rent
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