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parents house

tritriagain · 2018-09-13 14:49:23

We are selling our family home and want to take over my ageing parents house while building them a granny flat. They want to give us the house and we will obviously pay for the extension. How are we fixed tax wise does anyone know. I remember reading somewhere that our tax liability could be reduced because they are…

13-09-2018 2:49pm

#1

tritriagain

Registered Users, Registered Users 2 Posts: 1,188 ✭✭✭

Join Date: August 2012

Posts: 1045

We are selling our family home and want to take over my ageing parents house while building them a granny flat. They want to give us the house and we will obviously pay for the extension. How are we fixed tax wise does anyone know. I remember reading somewhere that our tax liability could be reduced because they are staying in the house. Or can I buy house off the. And let them put extension on . Would this be allowed under tax rules. Looking for most tax efficent way of doing this. Thanks in advance.

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