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Can parents sell house to me cheap?

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  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    RobDoubleu wrote: »
    At some point my parents will sell the property to me for £192k (which is the price they paid for it minus £50k). So might capital gains tax be payable on the full value of the house or just the part they 'gifted' me (ie £50K)?

    And if the property is worth £50,000 more when you do come to buy it.....would they still sell it to you for £192,000?
  • hign10pines
    hign10pines Posts: 380 Forumite
    RobDoubleu wrote: »
    Of course not. But unhealthy old people are more likely to.

    healthy today, stroke tomorrow!, anyone can have an accident
    Student nurse 2018 to 2020
    Debt: DMP (with Payplan) £8194 - 6.6 years left
  • jennifernil
    jennifernil Posts: 5,722 Forumite
    Part of the Furniture 1,000 Posts
    RobDoubleu wrote: »
    Hello.


    I think they would be happy to do this. It was not considered as an option to be frank. I was told by the agent that our status as cash buyers was what 'won' us the bidding war! Is it too late now?

    Has the purchase actually been made?

    If not then it's not too late
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