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GWR
(redirected from Gift with Reservation)

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AcronymDefinition
GWRGreat Western Railway (UK Company)
GWRGuinness World Records
GWRGloucestershire Warwickshire Railway (UK)
GWRGeographically Weighted Regression
GWRGod's Wonderful Railway (Great Western Railway nickname)
GWRGreat Way Round (Great Western Railway nickname)
GWRGift with Reservation (taxation)
GWRGreat Western Radio (international radio group)
GWRGeneral War Reserves
GWRGraphical Wireless Reporting
GWRGround-Water Recharge (geology; various locations)
GWRGreater Washington Region (Virginia, Maryland, and Washington, DC)


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If you continue to live in the house then, generally, it will be treated as a Gift with Reservation (GWR) and therefore regarded as being in your estate for Inheritance Tax.
If you continue to live in the house then, generally, it will be treated as a Gift with Reservation (GWR) and therefore regarded as being in your estate for Inheritance Tax.
On the face of it, the parent reduces the value of the estate by transferring ownership to the child but, on death, the Gift with Reservation rules apply, and the value of the house is added to the value of the parent's estate for the purposes of calculating the Inheritance Tax payable on the parent's death.
 
 
 
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