These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.
That will be a Potentially Exempt Transfer for IHT purposes and, provided the parents survive for more than seven years, the PET will fall out of their estates for IHT.
The unpleasant truth, though, may be that whatever precautions we take in working hours, people commute on public transport and live in relatively crowded cities.
Overseas individuals who own UK property through companies often do so for privacy reasons, according to the law firm Boodle Hatfield, which analysed the data.
If your gross rental income exceeds this amount, you can calculate whether it is more tax efficient for the excess to be charged to tax, or for you to pay tax on your rental profits after deduction of expenses in the usual way.