Hi there,
my sister is getting married this year and so will not be living in the family home anymore that we both own after inheriting it. She wants to sell it to me as otherwise she is liable for tax on it as it would not be her home when she moves in with her fiance.
I own half and could raise a bit through a small mortgage and savings but will be about 50K short.
If anybody has been through a similar situation or has any advice I would be grateful to hear them.
my sister is getting married this year and so will not be living in the family home anymore that we both own after inheriting it. She wants to sell it to me as otherwise she is liable for tax on it as it would not be her home when she moves in with her fiance.
I own half and could raise a bit through a small mortgage and savings but will be about 50K short.
If anybody has been through a similar situation or has any advice I would be grateful to hear them.