Property News · April 23, 2015

How can I reduce my daughter's inheritance tax bill?


I am worried that my daughter, who is a student, will not be able to stay in our £500,000 home due to the inheritance tax she will have to payQ I am a single parent with one daughter aged 21 who is in her second year of a six-year architects’ training course at university. I have recently been diagnosed with terminal cancer and have about 12 months left.I own a small house in London worth about £500,000, which is my daughter’s home. My worry is that before she is able to support herself she will lose her mum and her home at the same time. With regards to paying inheritance tax, is there anything that can be done that would allow her to remain in her home until she has completed her training? JH Continue reading…

Source : theguardian.com
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