If I buy a house so that my daughter can live in it, can I charge her rent and then sell it to her later?
My daughter won't be able to buy a house for years. If we bought one and her friends paid rent, could we sell it, cheaply, to her in a few years at the price we paid today? What penalties would I have to pay? Inheritance taxes etc?
I live in Essex and she now lives in Norfolk with her boyfriend. She met him through university and isn't gonna come back so that she can live rent free!
I knew I had lost her when she said that we could turn her bedroom into a games room for her brother!!!
In todays market, she'll be 50 before she can afford a one bedroomed hovel in a bad part of town