My MIL owns a property that will be just about be subject to inheritance tax when she dies but is getting short of cash. DH is wondering about becoming tenants in common with her - ie buying a portion of her property to provide her with an income over the coming years.
We are thinking this would be better from an inheritance tax point of view than simply loaning her money.
Has anyone done this? Would it work? Any pitfalls?
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Buying part of parents house?
6 replies
kitsilano · 04/08/2013 10:09
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