Property Succession to Children – meMake Text Bigger
My parents are in the process of adding my name to one of their buy to let property mortgages. In doing this, when they both eventually pass away, will I take on succession of the property avoiding inheritance tax?
Second Question: I am a high rate tax payer so I do not want the rental income. If I do not accept any of the rental income, can they go on declaring the income all to themselves without me declaring any rental income? Ideally, I would like to keep my circumstance the same except just adding myself to the mortgage in a form of property succession.
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