Hi
Have property for sale at moment but no signs of shifting however my parents have offered to swap houses with me.
I'll be getting married next year and the move would suit both of us.
Both houses are of similar market value.
Will be putting a lot of money into my parents place however as it is in serious need of renovation and modernisation (c. 80K).
Aside from family issues which should not be a problem could anyone give me an idea of the tax implications of this re Stamp duty, does my marriage affect tax issues etc.
I am in my own PPR for 3 years while my parents have long since cleared their mortgage.
Could this be relatively straightforward, I'm afraid it probably isnt!!!
Haven't agreed yet just thought I'd sound out the AAM crowd first.
Any help would be much appreciated.
Thanks