But the position is now probably worse than it was. For example:
- When the house is sold by the children the gain will be subject to Capital Gains Tax (CGT) unless they happen to live there with Mum & Dad. If no gift had been made there would no CGT if the property was sold shortly after the parents death.
- The parents security of tenure in what is no longer 'their' property is now vulnerable to any court rulings that follow of their children divorce or become bankrupt.