If I give £425k to my son to buy a house for me to live in rent free can I avoid inheritance tax AND care bills?

If I give £425k to my son to buy a house for me to live in rent free can I avoid inheritance tax AND care bills?

Would the cash I give my son to buy this new property fall outside of my estate and potentially for calculation of care costs? Nick Nesbitt of Forvis Mazars replies.

Original Source

Read the full article at Dailymail →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.