Think of a parent who has two children and two properties and gives one to each child. She lives permanently in one of the two properties but doesn't pay rent which means that property will not get a total inheritance tax exemption after seven years from the transfer to that child.
The question is will the second property where she doesn't live also lose its total exemption after the seven years? Or will it still be eligible for it?
Thanks
The question is will the second property where she doesn't live also lose its total exemption after the seven years? Or will it still be eligible for it?
Thanks
Comment