Passing on rental property after death of landlord
Tax Planning and Financial

Jez

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20 Posts

2 years ago

I have a house which I have let out since 2006. What I would like to do is ensure that when I die the house goes to my two children minimising the tax payable.

What I am considering is setting up a lmited liability partnership (LLP) with all three of us as partners. My children are twelve and from what I am aware minors can be partners in a LLP (https://www.property118.com/tax/beneficial-interest-transfer-agreement/).

However what I am unaware of is how to minimise or avoid any CGT or inheritance tax at the point of my death.

At the moment I just have the house under my name, so in effect it is like as a self employed landlord.

Any help would be appreciated.

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Passing on rental property after death of landlord Tax Planning and Financial

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Passing on rental property after death of landlord
Tax Planning and Financial