This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Flat lived in by father

riccardob
Posts:110
Joined:Sun May 29, 2011 10:02 am
Flat lived in by father

Postby riccardob » Fri May 28, 2021 6:15 pm

Hi,
I would be grateful for some advice on the following:

Parent a dies and leaves flat to parent b. Parent b redirects to son via dov but keeps living in the flat rent free.
As the flat was not a gift but simply redirected via dov am I right in saying there would not be an issue if rent
is not being paid?

Thanks

pawncob
Posts:4730
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Flat lived in by father

Postby pawncob » Tue Jun 01, 2021 3:40 pm

Assuming any IHT due on the estate was paid, a DOV stands in place of the will. Son providing rent free accommodation to mother doesn't raise any issues.
With a pinch of salt take what I say, but don't exceed your RDA


Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”