Giving a property away...

A question about : Giving a property away...

Can I give my Mum's house to her grandaughter bypassing me, in such a way that she can be the owner but I benefit from any rental income?

Best answers:

• Not any way I can think of. The owner of a property is entitled to any income from it. You either give the house away and get no income or keep it and take the rental.
  Is there a particular reason you want to gift it?
• I presume you mean can your mum give her house to her grand daughter.
  It cant be your mums and yours at the same time.
  I get the feeling we aren't getting the full story....
• On a rethink, one vague possibility but will depend very much on circumstances, and you'd need to take some advice.
  If you inherited this house within the last 2 years you could perhaps do a Deed of Variation to give yourself a life interest in the property rather than it outright.
  It's not straightforward, you do need to see a solicitor and discuss it, and you may also need tax advice.
  If you explain more about why you want to gift there may be other considerations.