.png?itok=HBSyMDok "UAE Breaks Heat Record With 51.6°C - Here’s How to Stay Safe and Sane This Summer")
.png "Interview With Expat Saanika Gandhi, Author of Children's Book 'The Yellow Kite'")
Buying property from family...
Any UK tax/property solicitors on here? I am looking into buying my grandma's house in the UK, for a bit less than market value partly to avoid SDLT and partly for mortgage/deposit purposes (Valued at 270k - to be purchased 240-245K) but could there be problems with 'discounting' it this much - especially to a family member.
It is reasonable to justify such a discount to the Inland Revenue (if asked) by saying that amount was offered below the value price was because certain upgrades are needed - replacement windows, doors etc. so money will need to be spent, thus a lower price was offered (and accepted).
I know I need to consult someone properly, and I will of course do that for the conveyancing etc. but this is in the early stages of discussion so just wanted a heads up in case I am missing something obvious.
- RATE IT
- RATE IT
- RATE IT
- RATE IT
.png?itok=0fOAXkOm "UAE Breaks Heat Record With 51.6°C - Here’s How to Stay Safe and Sane This Summer")
.png?itok=EH_x0Pha "Experience Extended Stays and Special Savings at Le Meridien Al Aqah Beach Resort UAE")
