Can we sell our flat to our children for below market value?

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

We can’t afford to just give it to them, but they could jointly own it as an investment

Q My husband and I own a flat in London. Our children have recently inherited some money which they wish to invest in something. Between them all they could afford to buy our flat off us if we sold it to them for the price we bought it for five years ago. This would mean we would be selling it to them for about 25% lower than its market value. Can we do this? We cannot afford to just give it to them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good illustration of the ridiculous complexities of the tax system.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in BUSİNESS

Business Business Latest News, Business Business Headlines