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Tax implications of buying property within the family?


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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

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