Jump to content

Tax implications of buying property within the family?

Recommended Posts

My parents currently own a BTL and want to sell it to support their retirement. They're happy for me to buy it off them at a discounted rate, but are concerned if it is too low that they will get charged inheritance tax anyway


They purchased the property for 176k and it's now worth approx. 300k.


Can anyone shed some light on how much would be an appropriate number to avoid any tax implications.


Many Thanks

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...