22-08-2018, 09:27 PM
52
Re: Going into a home
Originally Posted by Muddy
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If you give away your home you cannot stay living in it for free.If you do it will be a "gift with reservation " and it will fall into your estate for inheritance tax and nursing home fees etc
In order that it is regarded as a true gift you have to pay a market rent for the property .
Still I think that local councils will take back properties if they feel they have been given away to avoid nursing home fees.
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