Hello,
Thank you for taking the time to read this, any opinion will be greatly appreciated.
During June 2010 I was added to the land registry documents for my mothers home, essentially we both became owners of the property.
We both continued to live at this address till jan 2016.
We both shared the bills and all costs associated equally.
I went onto purchase a house in January 2016 in my sole name and my mother moved in with me where she now stays.
The previous address has now become a BTL property.
Having read mixed articles can anyone clarify how the below would effect the 7 year rule.
I have read articles where they say that if a gift is made and my mother continues to reside at the same address as me then she must live at this address for there 7 years (i am referring to our first home not where my mother lives now).
We both moved out 18 months before the full 7 years, can someone please clarify if this will be an issue.
I was always under the impression that the 7 year rule applies to surviving 7 years after the gift was made, not actually residing at the address for 7 years.
Can some please assist with clarifying this for me please.
Kind regards
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