House gifted to daughters in 2012 raises IHT questions
UKPulse Money Desk
A couple who transferred ownership of their house to their daughters in 2012 are now facing questions regarding potential Inheritance Tax (IHT) implications after the husband's death.
- A house was gifted to daughters in 2012.
- The husband of the gifting couple has since died.
- The wife continues to live in the gifted house.
A couple transferred ownership of their house to their daughters in 2012. Following the husband's death, the wife, who still resides in the property, is now considering whether the daughters will face an Inheritance Tax (IHT) bill.
The family is also reportedly exploring whether the wife should take ownership of the house back.