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Posted Thu, 18 Apr 2024 11:07:41 GMT by Peter-123
Me and my brother live in the UK and I rent out a house to my brother. Every year I pay tax on the rent he gives me. When I die I want to give my brother the house and whatever other money I may have I will give to my sister. My sister and brother will be responsible for settling any debts. Will CGT or IHT be owed to HMRC for the market value of the house I leave my brother. Thanks Peter
Posted Tue, 23 Apr 2024 15:18:35 GMT by HMRC Admin 25 Response
Hi Peter-123.
HMRC cannot comment on future events as legislation may change.
Thank you. 

 

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