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Sure, so you pass it on by forming a trust when you're in your 40s.
And.... That means no IHT when you die as it's not yours anymore.
andyfallsoff-
Tax on trust transfers.
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Sure, so you pass it on by forming a trust when you're in your 40s.
And.... That means no IHT when you die as it's not yours anymore.
In theory you have to demonstrate that you are paying market rent if your primary residence is owned in trust by family, but in practice there are loads of ways to wiggle around this.
NotThamesWater
Stonehedge
Pass it on while you're alive, or it goes to the state. Simple!