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19
Can my parents gift me their house?
Post Body
Hi all, so my two parents are happy to gift me and a few of my siblings our family house which is now mortgage free and has always been a residential property (and will continue to be for atleast me and my parents). I have 4 siblings and the plan would be for them to sell the house to us so its in our names so 1 of us can then remortgage the property to act as a deposit for another house. What if anything will we need to consider tax and further costs wise?
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- Posted
- 7 months ago
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- reddit.com/r/UKPersonalF...