The 75 and ZT Owners Club Forums - View Single Post - when doing a good turn leaves you out of pocket

cbr1100xx · 16th February 2019, 20:14

I know a long time ago my brother was looking into buying the council house where my mum lives and one of the things that was discussed is that if he was to buy it she could live there paying a very small amount of rent/rent free and there was no tax implications and once she was gone it could be sold with no capital gains tax because the person living there was a family member.

Not 100% sure if its correct but might be worth looking into

Stan

16th February 2019, 20:14	#10
cbr1100xx Gets stuck in VW touareg Join Date: Mar 2015 Location: dunsop bridge Posts: 870 Thanks: 225 Thanked 414 Times in 235 Posts	Not 100% sure I know a long time ago my brother was looking into buying the council house where my mum lives and one of the things that was discussed is that if he was to buy it she could live there paying a very small amount of rent/rent free and there was no tax implications and once she was gone it could be sold with no capital gains tax because the person living there was a family member. Not 100% sure if its correct but might be worth looking into Stan __________________ WE WERE BOTH BORN ON THE 4th of JULY CAR DIED 15/11/2022---I'M STILL GOING (JUST)