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bigduckontax
bigduckontax, Accountant
Category: Tax
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Experience:  FCCA FCMA CGMA ACIS
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Thank you for your answer - in the question I mentioned that

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Thank you for your answer - in the question I mentioned that it could be 100 % or a percentage. So if she just Gifts me 75% on the property can she still live in the property without paying rent and does the 7 year period start from that point?

NO, it is still a gift with reservation, but for a smaller amount. Again once she vacates or pays the rack rent then the 7 year clock starts to run.

Customer: replied 7 months ago.
Thanks that is really useful.

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