Tag Archives: Legal Implications

Is it possible to buy a relatives house for £1 to avoid inheritance tax?

xanderd2001 asked: I have heard that if a relative, for example your parents, mutually agree, you can legally buy their house from them for an arbitrary sum e.g. £1 and go through solicitors so it is all legal.
This way when they die you will own their house tax free.
Is this possible or are their other [...]

Posted in Renting & Real Estate | Also tagged | Comments closed