Re: inheritance tax



In message <wlbli.22243$p8.5460@xxxxxxxxxxxxxxxxxxxxxxxxxx>, Ronald Raygun <no.spam@xxxxxxxxxxxxxxxxxxxxx> writes
No. An error there RR. When the first dies their share will pass to the
OP. The survivor, by living in both halves, develops an interest in
possession in that half and so on death their estate will be taxed as
though it owns it, even though it doesnt.

Not so! The OP will by then have moved back in with the survivor.

So what?

So there would then be a situation of two joint owners (surviving parent
and son) occupying the property together, and so the surviving parent
would not be treated as "living in both halves" in the same way as if
living in it alone (and not paying market rent to the son for his or her
use of the son's half of the house).


Again, so what?
--
John Boyle
.



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