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Buying into a property

Zelda247 · 2018-07-27 18:25:37

I am moving in with my sister who owns 5/6 of the family house. Both parents are dead and neither of us is married or have any children and we are both in our 50's so unlikely to happen now. I have agreed to pay her 100k for a share in the house so we now split it her 1/3 and me 2/3' she is fine with that as she wants the…

27-07-2018 6:25pm

#1

Zelda247

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I am moving in with my sister who owns 5/6 of the family house. Both parents are dead and neither of us is married or have any children and we are both in our 50's so unlikely to happen now.

I have agreed to pay her 100k for a share in the house so we now split it her 1/3 and me 2/3' she is fine with that as she wants the cash, I spoke to my solicitor and she can redo the deeds. I don't know whether to mention to the solicitor about the money as maybe my sister might have to pay tax on it and wonder if I would be better giving it to her privately?

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#2 27-07-2018 7:26pm

Graham

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