Owning your own home

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Brommers in reply to @Acliff

If they added you (and any siblings) to be added to the deeds, then with the 7 year gift rule, you could significantly reduce IHT.

Not if the parents continue to live there and jellybaby and his siblings don't. If you give away a property on the basis you'll continue to live there it's a 'gift with a reservation' and it still forms part of your estate.

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Acliff in reply to @Brommers

Thanks for the correction, you are right, I've amended some of the above to avoid confusion.

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