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Selling second home pre-purchase - Exchange or Completion

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Comments

  • uknick
    uknick Posts: 1,791 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    This thread seems to be moving down the tax evasion route. I'm sure the OP never intended that, and was just looking at ways of avoiding paying certain taxes.

    If there was ever any thought of transferring the property back after a period of time, then CGT would rear its head again along with, possibly, a SDLT 2nd property surcharge.
  • Keep_pedalling
    Keep_pedalling Posts: 21,592 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    silvercar wrote: »
    I would guess it is a family home and it doesn't much matter which siblings name is on the deeds.

    It does when the other sibling sells it and pockets the money :rotfl:
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