My wife and I own our Residence as Tenant in Common.....if we were to include our two sons as part owners,..ie four owners each with 25% share,....if the sole purpose was to reduce future IHT that previously would normally be due.
I understand that if a rent is payed to my two sons to cover us living in a property that is part owned by them, some IHT can be avoided....is this correct?....and if so how would it be legally managed?
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