Hi
My parents transferred their property onto me 7 years ago
They have been living there for 7 years, while paying me a market rent
As 7 years has passed, can they live there without paying me a rent from now on?
I don't like charging them for rent, we did it this way due to this 'market rent' requirement for inheritance tax purposes
Thanks
My parents transferred their property onto me 7 years ago
They have been living there for 7 years, while paying me a market rent
As 7 years has passed, can they live there without paying me a rent from now on?
I don't like charging them for rent, we did it this way due to this 'market rent' requirement for inheritance tax purposes
Thanks