{"id":47139,"date":"2012-09-05T12:45:01","date_gmt":"2012-09-05T05:45:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-a-property-be-sold-at-a-discount-to-a-family-member\/"},"modified":"2017-03-08T11:26:02","modified_gmt":"2017-03-08T04:26:02","slug":"can-a-property-be-sold-at-a-discount-to-a-family-member","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-a-property-be-sold-at-a-discount-to-a-family-member\/","title":{"rendered":"Can a property be sold at a discount to a family member?"},"content":{"rendered":"


\nQ My mother inherited my brother’s house when he died four years ago. It has been empty since then as she lives in her own house, which she owns outright. She now wants to sell my brother’s house to a family member for an amount significantly lower than the estate agent’s valuation. Are there any legal reasons to prevent her from doing this, and what are the tax implications to herself and the family member? GWA Your mother can sell your brother’s house to whomever she likes and for whatever price she chooses \u2013 there are no legal reasons to prevent her from selling at a heavily discounted price to a family member. As far as tax goes, she may have to pay capital gains tax (CGT) when she disposes of the property as she has not used it as her home. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Can a property be sold at a discount to a family member?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Q My mother inherited my brother’s house when he died four years ago. It has...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-47139","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cgj","jetpack-related-posts":[{"id":114706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sir-frederick-barclay-threatens-to-sue-twin-over-ritz-london-hotel\/","url_meta":{"origin":47139,"position":0},"title":"Sir Frederick Barclay threatens to sue twin over Ritz London hotel","date":"March 4, 2020","format":false,"excerpt":"\r Tycoon to take action if brother\u2019s family tries to sell property for less than \u00a31bnSir Frederick Barclay is threatening to launch legal action against the family of his twin brother, David, if they attempt to sell the Ritz London hotel for less than \u00a31bn.The property has become the focal\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-brother-has-fallen-victim-to-the-retirement-home-transfer-fee-money-grab\/","url_meta":{"origin":47139,"position":1},"title":"My brother has fallen victim to the retirement home transfer fee money grab","date":"August 26, 2024","format":false,"excerpt":"\r He and others continue to be fleeced by an \u2018indefensible revenue stream\u2019 set up by freeholdersIn 2022 my brother bought a flat in a retirement complex built by McCarthy Stone. 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I have some spare cash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-property-developers-face-a-dilemma-after-rule-changes\/","url_meta":{"origin":47139,"position":5},"title":"S\u2019pore property developers face a dilemma after rule changes","date":"April 3, 2017","format":false,"excerpt":"\r \u00a0 Property developers in Singapore are faced with a difficult decision after the government closed a tax loophole that enabled them to offload residential units in bulk to institutional investors and wealthy individuals, reported Bloomberg. 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