[user104658]

Originally Posted by Cherie

So you "sell" to your child, if they go on to buy their own home, they will be liable to capital gains tax on your property something they wouldn't be liable for if they inherited it...you would also have to have a contract that you live in it during your lifetime...offspring have been known to screw over their parents as well, the second option is probably more sensible if you want to retain some control over your assets

The point is that they won't inherit it at all of you end up in dementia care because your assets will be dissolved to pay for that care until there is nothing left to inherit...

But yes, I did mean to add in that first post that it's only the way to go for people with close relationships with their offspring, and who know their offspring to be trustworthy. I thought I had said that but, reading it back, can see that I forgot .

Of course you shouldn't sign over your home to Nasty Nick Cotton, but some people are lucky enough to have the sort of relationship with their parents where it wouldn't even be a concern. Apparently. I'm guessing really since I've never been particularly close to either of my parents and one is already dead .