Hello there,
I will try to be brief.I want to ascertain the implication of a course of action.
I swapped properties with my Grandchild a while ago.I remained in my original property while my new house was completely renovated.During the renovations ,I was hospitalised and during my stay I was diagnosed with some serious health issues that meant I need a carer.
My granchild has suggested I move in with her and live in the self contained annexe in my original property and rent out my new house.
Neither of the two properties is worth more than my IHT threshold and I understand that there could be implications should I ever need to move to a care home,but , I would like to know what problems if any would arise if I move in with her?Does this course of action fall into the Gifts With Reservation legislation?
Many thanks in advance for your replies.
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