Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

The big house

02 November 2010
Issue: 4279 / Categories: Forum & Feedback
Since the death of her husband, a widow has lived in the family home, which is owned as to 10% by her and the balance by her four children

Mr A died intestate in May 1983 when Mrs A was 45-years old and my client was one of her four teenage children. The family home was held solely in Mr A’s name at his death.

Following the administration of the estate the home is held as to 10% by Mrs A absolutely with the balance being held in equal shares absolutely by the four children. My assumption is that any life interest created by intestacy was capitalised and that the family home constituted the remainder for the purpose of dividing up the estate.

Ever since Mr A’s death Mrs A has lived rent-free in the family home. She remarried in 1994 and remains so to this day. Her current spouse is eight years her senior.

Mrs A has limited income of her own and receives regular contributions from her four children for day-to-day living expenses....

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon