I own a property , current market value about € 125,000. For the past 8 years my daughter has rented the property, paying a "market value rent" , presently € 500 month. She has also done a lot of maintenance , and upgrading the furnishings and fittings.
She may now be in a position to get a mortgage to purchase the property.
To save her getting too big a mortgage ( and also save myself some CGT ! ) I would like to sell her the property for about € 100,000 . The valuation I used for Local Property Tax was € 130,000.
Can anyone let me know if this reduced sale price will cause me any problems with CGT .
Thanking you for any information. Nodo.
She may now be in a position to get a mortgage to purchase the property.
To save her getting too big a mortgage ( and also save myself some CGT ! ) I would like to sell her the property for about € 100,000 . The valuation I used for Local Property Tax was € 130,000.
Can anyone let me know if this reduced sale price will cause me any problems with CGT .
Thanking you for any information. Nodo.