Quick answer
Gifting your home to your children while continuing to live in it is one of the most common — and most expensive — UK estate-planning mistakes. The transfer is caught by the gift-with-reservation-of-benefit (GROB) rules, meaning HMRC treats the house as still part of your estate for IHT regardless of how many years pass after the gift. You may also lose the capital gains tax main-residence relief for the recipients on a future sale, expose the property to your child’s divorce or bankruptcy, and lose the £175,000 (gov.uk — RNRB) residence nil-rate band. The local authority can also treat the gift as deliberate deprivation of assets for care-fees means-testing and continue to count the property’s value. The only watertight way around GROB is paying full market rent to the recipient. There are usually safer alternatives — life-interest trusts, property protection trusts, or use of the available IHT allowances. This guide explains the realistic risks and the safer routes.
Last reviewed: 24 May 2026 by the MP Estate Planning editorial team. Jurisdiction: England and Wales. Scotland and Northern Ireland have different probate and intestacy rules; the IHT thresholds are UK-wide.
We explain, clearly and calmly, what happens when someone hands over a property yet stays put. This article outlines the rules that often surprise families and the reasons HMRC can still treat a transfer as part of an estate.
We will show the core risk in plain language. If you give a gift and continue to occupy the house, HMRC may apply Gift with Reservation of Benefit rules. That can mean an unexpected inheritance tax bill.
We also cover the two main risk areas: tax outcomes such as inheritance tax and capital gains, and real-life outcomes like loss of control and care assessments.
If you want a practical guide, read our linked guide on protecting assets: inheritance tax and gifts.
Key Takeaways
- Giving property while remaining resident can trigger tax rules that undo the benefit.
- HMRC has reclaimed large sums where rules were misunderstood.
- Think about both tax and family outcomes before acting.
- Plans must balance protection for children with personal security.
- Use clear advice and the right paperwork to reduce risk.
Why homeowners consider gifting property to children during their lifetime
Passing property during a lifetime is a common route for families wanting to help a child onto the ladder.
We see two clear motives. First, parents want to help with deposits, support a move up the property ladder or provide a place to rent out. Second, some choose this as part of long-term tax planning.
Helping family onto the ladder versus inheritance tax planning
Practical help is immediate. A gift can cut the need for a mortgage or offer rental income for a child. It can ease cash flow and secure a foothold on the ladder.
Tax planning aims to reduce estate value at death. That can work, but it depends on surviving for a set period and meeting strict rules.
What a transfer really means for ownership, control and rights
A legal transfer moves ownership and often control. That can change who decides repairs, who benefits from rent and who owes the mortgage.
- Children under 18 cannot always hold land outright; trusts are common.
- Bare trusts give the child legal title at majority. Formal trusts can delay control.
- We recommend discussing circumstances with a solicitor and tax adviser before any action.
Inheritance tax basics for UK estates: thresholds, rates and what counts as your estate
Three rule changes you may need to consider (2026/27)
1. Pensions become subject to IHT from 6 April 2027. Most unused defined-contribution pension pots currently sit outside the estate for IHT — that ends on 6 April 2027 (gov.uk policy paper). HMRC estimates around 10,500 estates will face IHT for the first time as a result.
2. Business and agricultural property reliefs capped at £2.5m per person from 6 April 2026. Above the cap, only 50% relief applies — effective IHT of 20%. AIM shares dropped to 50% relief and do not use the £2.5m allowance (Saffery — APR/BPR reforms).
3. The NRB, RNRB and £2m taper threshold are frozen until 5 April 2031 following the 2024 and 2025 Budgets (gov.uk — NRB and RNRB freeze). With inflation, more estates will be pulled into IHT each year — a process commonly called “fiscal drag.”
We start with what HMRC counts when someone dies. An estate is the total of property, savings and possessions. Debts and some funeral costs are deducted before tax is worked out.
The nil-rate band is £325,000 (gov.uk — Inheritance Tax). That means the first £325,000 of value is free of inheritance tax. Above that level the usual rate is 40% on the amount over the threshold.
Residence nil-rate band and the £2 million taper rules
The residence nil-rate band can add up to £500,000 for a qualifying person. Couples can combine bands and may reach up to £1 million between them.
However, the residence allowance reduces by £1 for every £2 the value of the estate exceeds £2 million. It disappears in full by £2.35 million.
Worked example: how allowances can reduce inheritance tax on a home
Example 1: a couple with a £900,000 estate that includes a £500,000 property may have up to £1 million of combined allowances. That can mean no inheritance tax is payable.
Example 2: a single person with the same figures can use up to £500,000 of allowance (nil-rate plus residence band). Any value above that may face inheritance tax at 40% on the excess.
We explain these figures so you can sense-check whether planning is necessary. For a deeper walkthrough see our guide on inheritance tax per person.
Gifting your home but continuing to live in it UK: why HMRC may still tax it
When someone hands over title yet keeps the right to stay, HMRC may view that as a reservation of benefit. This is the point where a well-intended transfer can become taxable on death.
Gift with Reservation of Benefit (GROB) explained in plain English
GROB means if you give away a property while keeping the benefit of living there, HMRC can treat the property as still being part of your estate for inheritance tax.
How a GROB pulls the full property value back into your estate on death
Even if the legal title moved years earlier, HMRC can include the full value of the property when calculating inheritance tax on death.
The result can be the same tax bill as if no transfer occurred.
Paying market rent: when it helps, and the practical pitfalls
Paying a genuine market rent can remove the reservation. The rent must match local market rates and be kept under regular review.
Practically, this can strain pension income and feel odd paying children for staying in a house once owned by the parent.
Knock-on tax for children: income tax on rent received
If children receive rent, that amount is usually taxable income for them. They may need to report it and pay income tax on any profit.
- Rule of thumb: token payments or informal arrangements rarely satisfy HMRC.
- Warning: HMRC has reclaimed large sums where families misunderstood the rules.
The seven-year rule, potentially exempt transfers and when inheritance tax still bites
The seven-year rule is a timing test, not a promise. Outright lifetime gifts to another person are usually Potentially Exempt Transfers (PETs). If the donor survives seven years from the date of the gift, that transfer normally falls outside the estate for inheritance tax.
Potentially Exempt Transfer (PET): what “survive seven years” really means
A PET works only for genuine, unconditional gifts. Any strings attached or a reservation of benefit can pull the value back into the estate, even after many years.
Die within seven years: how the value of gifts is treated and who pays
If you die within seven years, gifts made may be added back when calculating inheritance tax. Where gifts exceed the nil‑rate band the tax may be charged on the estate or, in some cases, the person who received the gift must pay.
Taper relief between three and seven years
Taper relief can reduce the inheritance tax due on gifts made more than three years before death. The reduction works on a sliding scale between years 3 and 7. It lowers the tax liability but does not remove the gift from the estate.
- Example timeline: gift in year 0, die in year 2 = full tax charge on the value gift.
- Die in year 5 = taper may cut the tax bill.
- Survive to seven years = PET is usually outside the estate.
Note: PET planning must align with wider estate planning. A transfer caught by reservation rules will not benefit from the seven‑year test. We recommend clear legal and tax advice when timing matters.
Other tax consequences when you give away a house
A lifetime transfer can trigger immediate tax bills that many donors do not expect. We should look beyond inheritance tax and see where costs and reporting duties arise.
Capital gains tax rules and the 60-day window
Capital gains tax is calculated using market value when a property is given away, even if no cash changes hands.
If residential gains tax applies, you normally must report and pay within 60 days. Remember the £3,000 annual exempt amount and that residential rates are 18% or 24%, depending on income.
When Private Residence Relief helps
Private Residence Relief can remove or cut a gain if the house was your main residence. Full relief needs genuine main-residence use and proper periods of occupation.
Stamp Duty and mortgage transfers
A transfer that carries an outstanding mortgage can trigger stamp duty charges. SDLT (or LBTT/LTT) treats the mortgage as consideration and may create a liability.
UK nations: thresholds at a glance
- England & Northern Ireland (SDLT) nil band £125,000 from 1 April 2025.
- Scotland (LBTT) threshold £145,000.
- Wales (LTT) threshold £225,000.
“Don’t assume a gift is outside the scope of IHT — check market value rules and reporting duties.”
For a deeper walkthrough of gains and inheritance interactions, see our guide on inheritance tax and capital gains tax on inherited.
Non-tax risks: the “real life” consequences of no longer owning your home
There is more at stake than tax: practical hazards often erode the security people expect.
When legal title moves, the safety net that once felt permanent can vanish. We explain the main risks so you can decide with clear eyes.
Divorce, bankruptcy and creditor claims
Divorce can drag the property into a settlement. A court may treat the asset as part of the pool, even if a parent intended it as a gift.
Bankruptcy or creditor claims against a child can force a sale. That can leave the donor without shelter or control.
Relationship breakdown and eviction risk
If you do not hold title, your right to remain may be weaker. Informal agreements give limited protection. Seek clear written terms and a solicitor if you plan any occupancy.
If a child dies first
The property may pass under their will or intestacy rules. Beneficiaries may have different priorities than the donor.
Care fees and deprivation of assets
Local authorities may view transfers as deprivation of assets when assessing care liability. That can remove any perceived benefit from the gift.
Read more on how councils treat transfers here: deprivation of assets and care fees.
| Risk | What can happen | Practical effect |
|---|---|---|
| Divorce | Asset included in settlement | Possible forced sale or shared ownership |
| Bankruptcy | Creditors claim property | Loss of shelter and independence |
| Death of child | Property passes to beneficiaries | Donor may be asked to leave |
| Care fee assessment | Transfer treated as deprivation | Transfer ignored; asset still counted |
Protecting future you: tax savings are not worth a loss of control. For practical alternatives that balance family aims with security see our guide on protecting your family’s future.
Safer alternatives and planning options to consider before gifting your house
Many people prefer practical planning that gives help without giving away full ownership or control.
Co-habitation and sharing arrangements
True shared ownership where each party pays a fair share of upkeep and bills can reduce the risk of a reservation of benefit. That must be real and documented.
Give a share rather than the whole property
Transferring a proportion keeps some control and can be a halfway way between help and security. It can also change the tax and inheritance picture in a more manageable way.
Trust options for minors
Minors often need a trust. A bare trust passes legal title at majority. More formal trust structures let donors retain directions and delay control, but note that some trusts can trigger an immediate 20% inheritance tax charge if they exceed available nil‑rate bands.
Many families prefer giving money or post‑tax rental income rather than the property itself. This supports a child and keeps income and inheritance planning simpler.
Always get professional advice
We recommend aligning tax, estate planning and family circumstances with a solicitor or tax adviser before any lifetime transfer. For practical guidance on transfers to children see gifting property to children.
Good planning balances help for children with protection for the donor’s income and inheritance goals.
Conclusion
Conclusion
We urge pause and care before any transfer that leaves a person staying in the same house. A well‑meant move can harm a family if reservation rules apply.
Key points: a Gift with Reservation of Benefit can pull a property back into the estate. PETs need seven years and are not a fail‑safe. Watch how residence nil‑rate bands taper above £2m. Remember CGT reporting within 60 days and possible SDLT on mortgage transfers.
Quick checklist: check estate size and allowances, confirm realistic market rent if planned, review CGT/SDLT risk and consider care fee rules for deprivation of assets.
For example, if the value estate sits well under combined allowances, simple planning may avoid risky gifts. We recommend tailored advice before signing—undoing a transfer is rarely straightforward or cheap. This article aims to help you choose a solution that protects both housing security and family aims.
FAQ
Why do some homeowners give a property to their children during their lifetime?
Many couples and individuals want to help the next generation onto the property ladder or reduce the size of their estate for inheritance tax purposes. Other reasons include simplifying probate, keeping the house in the family, or securing quieter long-term care plans. Each reason carries different tax and practical consequences, so we usually recommend talking through family goals before making any transfer.
What does giving a property to a child actually change about ownership and control?
Transferring legal title makes the recipient the owner. That shifts legal rights, control and responsibility for the property — even if the donor continues to live there. Ownership affects who can sell, mortgage or insure the house, and it changes who is liable for tax, repair costs and any future disputes.
How does inheritance tax work for UK estates and when does the 40% rate apply?
Inheritance tax (IHT) applies to estates above the nil-rate band. The standard threshold is applied to the total value of assets on death. The 40% rate applies to the value above the threshold unless exemptions or reliefs apply. Residence Nil-Rate Band and other allowances can reduce the charge where conditions are met.
What is the Residence Nil-Rate Band and how does the £2 million taper affect it?
The Residence Nil-Rate Band (RNRB) gives an additional allowance for passing a main residence to direct descendants. The RNRB tapers away where an individual’s estate exceeds £2 million, reducing the extra allowance gradually. The taper and eligibility rules are technical, so we check figures carefully when advising clients.
Can allowances really make a big difference? Do you have a simple worked example?
Yes. For example, combining the nil-rate band with the RNRB can shelter a larger portion of a family home from IHT. If allowances apply fully, a married couple can pass a significant property value free of IHT. The exact benefit depends on current thresholds and whether the home passes to children or grandchildren.
If I transfer the property but keep living there, why might HMRC still count it in my estate?
HMRC looks at whether the transfer leaves you with a benefit — for example, the right to live there rent-free. If you retain such a benefit, the Gift with Reservation of Benefit (GROB) rules can bring the property back into your estate for IHT purposes. The core idea is that a gift which still benefits the donor is not treated as a genuine disposal for tax purposes.
What exactly is a Gift with Reservation of Benefit (GROB)?
A GROB occurs when someone gives away an asset but keeps a benefit from it, such as the right to live in the property. Under GROB rules, the asset’s value may be treated as part of the donor’s estate on death, regardless of the transfer, unless the donor pays market rent or alters their benefit.
How does a GROB pull the full property value back into the estate on death?
If the transfer is caught by GROB, HMRC treats the property as still belonging to the donor for IHT. The full market value at death can be included in the estate, meaning any intended IHT reduction is lost. The property is not treated as a potentially exempt transfer while the reservation exists.
Would paying market rent prevent a GROB? What are the pitfalls?
Paying a genuine market rent can break a GROB. But the rent must reflect open-market levels, be paid regularly, documented and taxed by the recipient if relevant. Practical pitfalls include family disputes over arrears, unclear records, and the fact that rent receipts can create income tax obligations for the child receiving the payments.
Could my child face income tax if I pay rent to live in a house they own?
Yes. Rent paid to the legal owners is income for them and may be taxable. They must declare that income and may need to pay income tax after allowable deductions. Families should consider the extra tax, National Insurance implications for let property, and the need to declare rental profits correctly.
What is a Potentially Exempt Transfer (PET) and how does the seven-year rule work?
A PET is a gift that becomes exempt from IHT if the donor survives seven years after making it. If the donor dies within seven years, the gift’s value may be brought back into the estate for IHT calculations. The longer you survive after the gift, the safer it becomes from IHT, with taper relief (HMRC IHTM14612) possibly reducing the charge if death occurs between three and seven years.
If I die within seven years of a gift, who pays the tax and how is the value treated?
If the donor dies within seven years, the gift’s value at the date of transfer is included in the estate for IHT. Any IHT due is normally paid by the estate; however, executors may seek contribution from beneficiaries who received large gifts. If tax has already been paid by the recipient, complicated recovery or adjustment rules can apply.
What is taper relief and how does it reduce the IHT bill between three and seven years?
Taper relief reduces the rate of tax payable on gifts made between three and seven years before death. It does not eliminate liability but lowers the effective IHT rate on the value of the gift. The relief follows a sliding scale, so earlier gifts receive greater reductions.
Will Capital Gains Tax apply if I transfer a property to a child?
Generally, transfers are treated as disposals at market value for Capital Gains Tax (CGT) purposes, even between related parties. If the property has risen in value since purchase, CGT may be due based on the gain. Where the property is a main residence, Private Residence Relief may reduce or remove the gain, but nuanced rules apply.
When does Private Residence Relief protect against CGT after a transfer?
Private Residence Relief applies where the property has been the donor’s main home for the qualifying period. Partial relief is possible where only part of the period qualifies. If you transfer the house while still living there, relief can be restricted, and timing matters for the final periods of ownership.
Could Stamp Duty Land Tax (SDLT) be payable when a house is given away?
SDLT can arise where a transferee takes on an outstanding mortgage or other charge. HMRC treats the assumption of debt as consideration, and SDLT may be due based on that figure. Different rules apply across England, Northern Ireland, Scotland (LBTT) and Wales (LTT), so the location of the property matters.
How do SDLT, LBTT and LTT differ across the UK nations?
England and Northern Ireland use SDLT, Scotland uses Land and Buildings Transaction Tax (LBTT) and Wales has Land Transaction Tax (LTT). Rates, thresholds and reliefs differ. For example, each jurisdiction has distinct bands and surcharges for additional properties, so transfers need local tax checks.
What non-tax risks should I consider if I transfer a property but keep living there?
There are practical risks: your child could face bankruptcy, divorce, or creditor claims that affect the property. Relationship breakdowns may lead to eviction threats. If the child dies before you, ownership could pass to their estate, affecting your security. These outcomes show why legal and family planning are essential.
Could gifting a property affect care fee assessments or be seen as deprivation of assets?
Yes. Authorities may treat transfers as deprivation if they see the gift as reducing assets to avoid care fees. If transfer occurs within a specified look-back period before care needs start, the local authority can include the gifted value when assessing means-tested care charges. Professional advice is vital before any transfer.
What happens if a child who owns the house divorces or becomes bankrupt?
If the child faces divorce, a court may consider the house as part of the marital assets and order transfers or financial settlements. Bankruptcy can allow creditors to pursue the property. These risks highlight why full ownership transfer can expose family housing to third-party claims.
Are there safer alternatives to giving the whole property outright?
Yes. Options include transferring a share rather than the whole property, placing the property into a trust, gifting money instead of property, or formalising a tenancy and rent arrangement. Each option has different tax and control outcomes. We usually suggest tailoring a plan to family needs and long-term care expectations.
How does giving a share of the property help reduce GROB risk?
Transferring a share can let the donor retain partial ownership and may make intentions clearer. If the donor pays a fair share of costs and the arrangement is properly documented, it can help separate benefit from ownership. However, partial transfers still require careful planning to avoid unintended tax or legal consequences.
What trust types are commonly used and how do they protect control?
Common routes include bare trusts, interest-in-possession trusts and more complex discretionary trusts. Bare trusts give beneficiaries an immediate right to the asset at 18, while discretionary trusts let trustees control access and distribution. Trusts can offer protection against creditors and relationship risks, but they carry their own tax rules and setup costs.
Could we simply pay market rent instead of transferring the property?
Paying market rent can preserve ownership while meeting living needs and may avoid GROB issues. It keeps assets in the donor’s estate but reduces IHT planning benefits. Renting is often a pragmatic choice where security of tenure and control are priorities.
When should we get professional advice on transfers and estate planning?
Professional advice is essential when the property value is significant, family circumstances are complex, or care and succession issues are foreseeable. Solicitors, tax advisers and financial planners help align tax optimisation with family protection. Early advice prevents costly mistakes later.
How do timing and documentation affect the success of a transfer for tax purposes?
Timing is crucial for IHT, CGT and care-charge rules. Accurate documentation of the transfer, evidence of market rent payments, and clear records of intent and finance flows support a robust position with HMRC and in family disputes. We advise keeping contemporaneous records and formal agreements for any arrangement.
Transferring a Property That Still Has a Mortgage
One of the most commonly overlooked complications when gifting a home to a family member is the existence of an outstanding mortgage. In most cases, your lender holds a legal charge over the property, which means you cannot transfer title without their knowledge or consent. Attempting to do so without obtaining that consent may constitute a breach of your mortgage terms and could, in serious cases, trigger a demand for immediate repayment of the outstanding loan.
What Lender Consent Actually Means in Practice
When you apply to transfer a mortgaged property, your lender will typically treat the application in a similar way to a new mortgage application. The incoming owner — for example, an adult child — will generally need to demonstrate that they can service the debt independently, or that a suitable joint arrangement can be agreed. In our experience, lenders vary considerably in how they handle these requests: some will agree to a transfer of equity with a straightforward affordability check, while others may require the existing mortgage to be redeemed and a new product taken out in the recipient’s name. It is important to approach your lender formally and in writing before instructing a conveyancer, so that any conditions are understood from the outset.
The Land Registry Transfer and Associated Costs
Once lender consent is secured, the legal transfer of title is registered at HM Land Registry. The registration fee follows a sliding scale based on the property’s value, currently ranging from £20 to £910 for most residential transfers — the full fee schedule is published on the HM Land Registry fees page. This is separate from any stamp duty land tax liability, conveyancing fees, and the tax exposures discussed elsewhere in this article. For a property valued at £900,000, for instance, the registration fee alone would sit at the upper end of that scale, though it is typically the smallest cost item in the overall transaction.
The Cheapest Method of Transferring Property to a Family Member: A Brief Comparison
There is no single method that is cheapest in every situation, because the tax consequences differ significantly depending on individual circumstances. Broadly, the main routes available in England and Wales are: an outright gift during your lifetime, a transfer at undervalue, leaving the property via your will, or placing it into a trust. An outright gift may appear straightforward, but as explained throughout this article, it may trigger a capital gains tax liability on any gain since you acquired the property, create a gift with reservation of benefit if you continue to live there, and still fall within your taxable estate for up to seven years under the potentially exempt transfer rules. Leaving the property via your will avoids CGT on the gain during your lifetime — because of the capital gains tax uplift on death — but the full value will generally form part of your estate for inheritance tax purposes. The £325,000 nil-rate band is frozen until at least April 2030, meaning that as property values continue to rise, more estates will be drawn into the 40% IHT charge on the value above that threshold. A trust structure may offer more control and, in some circumstances, greater tax efficiency, but it carries its own costs and ongoing compliance obligations. Because the right approach depends heavily on your individual position — including whether there is a mortgage, your capital gains base cost, and the recipient’s own circumstances — our team strongly recommends obtaining personalised, regulated advice before proceeding.
Common Questions About Gifting and Transferring Property
What is the cheapest way to transfer property to a family member?
In purely transactional terms, a transfer of equity or an outright gift registered at HM Land Registry carries a registration fee of between £20 and £910 depending on the property’s value, making the administrative cost relatively modest. However, cheapest in the transactional sense is rarely cheapest overall. Depending on when you acquired the property and its current value, there may be a capital gains tax liability to settle. There may also be stamp duty land tax consequences for the recipient if they take on a share of any outstanding mortgage. Our team would caution against focusing on registration fees alone without first modelling the full tax position.
How to avoid capital gains tax on a property transfer to a child?
CGT is generally charged on the gain made between your acquisition cost and the market value at the date of transfer, even if you receive no money. There is no general exemption simply because the recipient is a family member. Transfers to a spouse or civil partner are typically made on a no-gain, no-loss basis, but this does not extend to children. One route that may reduce or defer a CGT liability is transferring the property on death, because the recipient acquires it at the probate value rather than your historic base cost. However, this needs to be weighed against the potential IHT exposure. Holdover relief may be available in limited circumstances — for example, where a qualifying trust is involved — but it does not apply to straightforward outright gifts of residential property. HMRC’s guidance on capital gains and property is available at gov.uk: Capital Gains Tax — what you pay it on.
What happens if I sign over my house to my child?
If you transfer your home to a child and continue to live in it without paying a market rent, HMRC is likely to treat the property as a gift with reservation of benefit. This means the property will typically remain within your estate for inheritance tax purposes, even after the seven-year potentially exempt transfer period has elapsed. In addition, local authorities assessing care funding eligibility may treat the transfer as a deliberate deprivation of assets. The child will also acquire the property at your original base cost for CGT purposes, potentially creating a larger gain when they eventually sell. In short, the legal title changes hands, but the tax and financial consequences may remain with you.
Is there multiple dwelling relief?
Multiple dwellings relief (MDR) for stamp duty land tax was abolished for transactions completing on or after 1 June 2024, following the Spring Budget 2024. Transactions that exchanged contracts before 6 March 2024 under pre-existing arrangements may still qualify under transitional rules, but for most new transfers involving more than one dwelling, MDR is no longer available. If you are considering a property transfer and believed MDR might apply, it is worth revisiting the SDLT position with a qualified conveyancer.
What are the drawbacks of gifting property?
The drawbacks are substantial and interconnected. First, an outright gift of a property you continue to occupy is likely to constitute a gift with reservation of benefit, meaning the IHT saving you hoped to achieve may not materialise. Second, the transfer crystallises a CGT liability based on the market value at the date of gift. Third, if you later need residential care, the local authority may assess the transfer as deprivation of assets and disregard it when calculating your means. Fourth, once the property is in a child’s name, it may become vulnerable to their creditors, relationship breakdown, or divorce proceedings — a risk that is easy to underestimate when family relationships are strong. Fifth, if the child predeceases you, the property may pass under their estate rather than returning to you. Given that the nil-rate band remains frozen at £325,000 until at least April 2030 and the IHT rate above that threshold is 40%, the pressure to act is understandable — but acting without careful planning can create larger liabilities than it resolves. Our team works within the framework set out under HMRC’s Professional Conduct in Relation to Taxation (PCRT) and can help you model these interactions before any transfer is made.