commodity trading

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?

Posted under Sell and Rent Back by admin on Monday 6 April 2009 at 7:10 pm

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

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