Question:
Can my rental property be gifted to my child and the rental benefits still be paid to myself for my lifetime?
Arthur Weller replies:
You can certainly gift your rental property to your child. But the rental income will belong to them, and they will pay income tax on its receipt; see HMRC’s Trusts and Estates manual at. If afterwards they choose to gift to you the money they receive from renting out the property, that is a purely a gift from them to you.
