It is not uncommon for individuals to give away their family home. For example, an elderly widow moving into nursing care may be in the fortunate position of being able to make a lifetime gift of her residence in London to her adult daughter. This article focuses on a potential IHT anti-avoidance pitfall in the above example of a family home (say, in London) gifted by a parent to an adult child. The gift of an undivided share (eg 50%) of the family home is subject to specific provisions (in FA 1986, s 102B) which are not addressed here.
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