I telephoned the HMRC Inheritance Tax Helpline to ask for clarification regarding their website info on gifting part of a property to a donee that remains living in the house with the doner. My questions were (1) is 'part of property' quantifiable e.g. is there a minimum or maximum percentage that can be gifted and (2) does the donee have to be a family member or can the gift be given to a friend/unmarried partner?
I was told they cannot enlarge on the information given on the HMRC website even though I was asking for clarification on their words not for personal advice.
Can anyone answer my two questions above please? Thank you in advance.
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