If you give anything to anyone, then inheritance tax becomes due, if the gift is outside various thresholds, and you snuff it within 7 years.
A gift has to be with no strings attached, and not in return for any services or service.
Since the rent is in your name, she is giving you a gift from the income from shares that you gave her. It looks artificial, but whether there are grounds for HMRC to take action, I do not know. If she dies within seven years of paying your rent, then there will be inheritance tax on that.
A gift has to be with no strings attached, and not in return for any services or service.
Since the rent is in your name, she is giving you a gift from the income from shares that you gave her. It looks artificial, but whether there are grounds for HMRC to take action, I do not know. If she dies within seven years of paying your rent, then there will be inheritance tax on that.
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