My clients were gifted their Mother's house some 10 years ago.
She has been paying full market rent ever since, as confirmed in writing annually by an independent letting agency.
She is now running out of money to continue paying this rent.
Question: Can she default on the rent, and the children reclaim what they can of it from her estate after her death, and would they also still have to pay Tax on the rent they are not receiving? Their concern is the triggering of GWR with HMRC!!