Hopefully someone can answer my question.
My Grandmother lives alone in her home which is valued at approx £160,000, she wishes to sell the house to me to avoid any inheritance tax and more importantly to avoid having to sell the family home to fund nursing care.
If i were to but the home she would still live there indefinately. As she is the owner of the property can she sell it to me greatly below the market rate? Would she have to pay rent?
In this situation could someone advise the best course of action with regards to this.
Thanks
Gary
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