Buying property from family

kikicatfood | 13:01 Tue 26th Feb 2008 | Personal Finance

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We are interested in buying my fathers house as he has moved in with relatives. Does anyone know if it is legal to sell to us at a reduced price? What would the tax implications be?

Bailiff

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daginge

Don't know about the tax implications but surely if the property belongs to your father he could sell it to you for 2 and 6 if he so wished? Perhaps your local CAB could give the best free impartial advice?

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