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Will you parents be purchasing with a mortgage?
You can sell the property at below the market value but there may be tax implications as a result which you may need to seek advice on. You may wish to gift the remainder of the value to ensure that the property is sold at full value, i.e. If the house is worth £400,000.00 and you sell it for £350,000.00, that means you are gifting £50,000.00.
I would suggest that you seek legal advice in relation to the potential undervalue as various deeds will need to be prepared.
Is there anything else I can help with?
Well there could be Capital Gains Tax (this is the profit you make when you sell something that has increased in value) that you may need to consider. An accountant will be able to assist you with this advice. Ideally, yes a deed should be prepared if they are gifting you money. Your solicitor acting in your purchase should be able to prepare this for you.
Is there anything else I can assist with?
I note that you have posted a tax question which is good. Is there anything else I can follow up for you or will that be all today?
Thank you for confirming.
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All the best.