Inheritance tax - transfer of property

Hi, My father has transferred 100% of his main residence to me and my wife. The value of this property is £550,000 with no outstanding mortgage. I understand that this counts as a lifetime gift. My father will continue to live with me, my wife and children, all as our main residence. My father is contributing to bills, maintenance and repairs but not paying rent. I understand if my dad continues to live in the property without paying rent, this is a Gift with Reservation of Benefit (GROB) and the 7 year gift rule doesn't apply. However, as my father shares the house with me, and we both contribute to household expenses (e.g., bills, upkeep, and maintenance), I wanted to find out if this fall under what's known as a shared occupation exception, and therefore would be exempt from GROB? Kind regards, 

Name removed admin 

Hi,
This would need to be confirmed by Inheritance Tax, you will therefore need to contact them on 0300 123 1072.
Thank you.

My brother-in-law died and left my wife and her sister his half of the house he owned as tenants in common with his partner. They weren’t married or in a civil partnership. The partner will remain living in the property. Is it true that inheritance tax with regard to property is calculated differently in this situation.

Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.