What's the most tax-efficient way for me to transfer ownership of my primary residence and a couple of rental properties to my adult children now, to minimise future inheritance tax liabilities?
Quick Answer
Transferring property to adult children to mitigate Inheritance Tax (IHT) is complex. Primary residences face 'gift with reservation' rules if you continue to live there, while rental property transfers trigger Capital Gains Tax (CGT) and Stamp Duty Land Tax (SDLT), making direct gifting often inefficient for IHT planning.
About This Topic
Explore strategies for transferring property to adult children to minimise Inheritance Tax (IHT). Understand Capital Gains Tax (CGT) and Stamp Duty Land Tax (SDLT) costs, 'gift with reservation' rules, and alternative approaches for tax-efficient estate planning.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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