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Keep it in the family

08 May 2012
Issue: 4352 / Categories: Forum & Feedback , Capital Gains
A property originally owned by a grandmother was left to the client’s father and his sisters and then to the client and his sister. The client’s aunts were allowed to live in the property for as long as they liked

A residential property was owned by my grandmother and lived in by her and one of her daughters aunt M.

On my grandmother’s death in 1964 the property was left equally to my father and his sisters my aunts M (born in February 1909) and J (born in January 1913).

My grandmother’s will contained the proviso that aunt M could live there rent free for as long as she wished. Codicils to my father’s and aunt J’s wills confirmed this position.

Aunt J was widowed and in the early 1970s went to live rent free with aunt M in the property.

My father’s one third share was left on his death in 1995 equally to my sister O and myself (via a deed of variation).

Aunt M died in 2000 leaving her one-third share in the property as to 50% to aunt J and...

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