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Moving into dad's freehold property.

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  • Moving into dad's freehold property.

    Hi my dad owns a freehold property that was put on rent. Currently it's vacant. I live with my parents at the family home, and am considering moving into the vacant house. I'm not expected to pay rent to my dad, but to cover only the utility bills, tv license and council tax, etc..

    Am I correct to assume that as my dad won't be receiving any income from it, he doesn't need to declare anything on his tax return. And I don't have to do anything but pay the bills. Everything's legit!

    Also, could there be an IHT issues later?

    Am I some how missing out on something that I've forgot to think off that should be cause for thought.