From: Mogga 
Newsgroups: uk.finance
Subject: Re: A Property/Tax Conundrum For The Learned People On UK.Finance
Date: Tue, 12 Jun 2007 14:46:21 +0100

On Tue, 12 Jun 2007 14:12:41 +0200, "Tamale-Loco" 
wrote:

>Situation is this:
>My sister, and BIL own their house outright, but, for the past few years, the area its in 
>is going down the gurgler at a fast rate of knots
>I shall soon be selling MY property and going abroad to live. Therefore i will have at my 
>disposal a sum of money ...... some of which i would like to utilise to get them out of 
>their predicament, by providing the money in order for them to move out of the area, and 
>into a better one.
>What this could well entail is, firstly, me selling up my house, and banking the money. 
>Then they look for suitable property within a set price limit, with me living with them at 
>their present abode. When they find a suitable place i provide the cash for them to buy 
>this "new" place and put their "old" house on the market. When the "old" house is sold, 
>they would transfer the money they got from the sale of the house into my account 
>(probably a LOT less than i would provide to buy their house, and wouldnt sell quickly, 
>but thats not a problem to me) .
>What i wish to know is what are the tax implications of doing the above?
>Anyone have any better ideas?
>I dont mind being out of pocket for the direct benefit of my sister and BIL, but i SURE 
>dont want to pay oodles of any kind of tax into the bargain. Nor do i want to burden them 
>with any.
>
>
>T-L 

So what if they can't sell their home or they sell it for £5 and a bag
of beans?
>
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