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Episode 5: Gifting Your Home — Understanding the Risks and Realities


Gifting your home to a family member is often seen as a straightforward way to reduce inheritance tax or protect assets from future care costs. However, as this episode explores, the reality is far more complex.


In this episode of the Monan Gozzett podcast, Rachel Innes is joined by Stephen Sampson, Head of Private Client at Monan Gozzett LLP, to discuss the legal, tax and practical implications of transferring your home during your lifetime. The conversation explains why gifting property requires careful thought, early planning and specialist advice to avoid unintended consequences.


The episode covers key considerations including:

  1. Why people choose to gift their home, including inheritance tax and care fee planning
  2. How the seven-year rule works and what counts towards your estate
  3. The inheritance tax thresholds and spouse exemptions
  4. The “gift with reservation of benefit” rules if you continue living in the property
  5. The risks of losing control, including divorce, debt or bankruptcy affecting the recipient
  6. How gifting can impact the recipient’s tax position, including capital gains tax and stamp duty
  7. Care home fee challenges and the rules around deliberate deprivation of assets
  8. Alternative options such as downsizing or gifting other assets instead


Clear, practical and grounded in real client experience, this episode highlights that while gifting your home may appear attractive, it carries significant legal and financial risks. Careful advice and open family discussions are essential to ensure any decision supports both your long-term security and your family’s future.


To reach out to the team at Monan Gozzett, head to our website: www.monangozzett.com or get in touch via social media:


Facebook: @MonanGozzettSolicitors

Instagram: @monangozzett

LinkedIn: linkedin.com/company/monan-gozzett

X: @mg_solicitors

","author_name":"Monan Gozzett LLP"}