Me (62) and my wife (59)are selling our house for £200k and buying a 2 bed flat for £86k. We will live there in the short term.
I want to put the new property in my daughters' names at the outset. Are there any tax/other implications?
The second part of the plan is to buy a property in Spain and live there permanently, renting out the UK property to provide income. Again any thoughts or comments would be greatly appreciated.
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