• Buy Below Market Value

    By Guest on 05th Jul 2017

    We want to buy my sisters house she does not live in it my parents do (free of charge no rent is paid) she lives in Australia, but due to my mother falling ill and needing 24 hour care my sister has offered to sell me the house so I can move in to look after her. However she only wants what she needs to clear the Mortgage this is lower than the Market Value, Value is around 230K she want 160K, I know will be required to pay the full stamp duty on 230K that's not an issue I'm happy to do that but is there any other tax implications to us doing this.

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