Robert Whelan
👤 SpeakerAppearances Over Time
Podcast Appearances
But again, not putting your own self out.
You know what I mean?
You must take care of yourself.
But yeah, take an advantage of the lifetime allowance.
And it's very important that if they increase, which they're talking about increasing that threshold in terms of parent to child in particular.
That's again, hopefully the lifetime allowance will come off of that.
if that makes sense.
Three.
You have to live in it for three and then live in it for a further six as your principal primary.
It must be your principal primary dwelling.
You must have no interest in any property elsewhere.
I did have a client who had a niece who was effectively their primary carer.
And she moved in and she got the house under dwelling homes exemption.
Well, yeah, through the annual gift exemption.
Yes.
That's what I keep saying.
It's the least exploited capacity for ordinary people to reduce their tax liability.
If you have it.
But you must have the cash.
This is the point.