dan2802 Â Â 53 #1 Posted April 22, 2017 Does anyone have recent experience of purchasing a property from a family member at sitting tenant price? Is there a fixed discount or is there some other calculation that determines the price? This has been kind of dropped on me today and have no idea. Do I contact a solicitor or an Estate Agent? I only know that I have to be the owner for 7 years to avoid tax (or summat like that). Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw   90 #2 Posted May 1, 2017 No, there's no statutory discount. The price can be whatever V and P agree. As to the 'seven year' point, maybe you're thinking of Capital Gains Tax or Inheritance Tax consequences? Either way, yes- see a competent Accountant or Tax Adviser. Share this post Link to post Share on other sites Share this content via...