
Gifting Property To Children
Gifting property to your children can be a great way to pass money onto loved ones and ensure they are provided for in the future. The process can come with the added benefit of reducing inheritance tax (IHT) implications or protecting the property from a sale at a later date to fund care home fees.
However, gifting property to children needs to be carefully structured as the rules are complex and the benefits won’t automatically arise from giving away your assets.
