Capital gains tax?
Hi, il just get straight to the point. My mother is looking to purchase a house and i will renovate it and then buy the property off her after a year for the same price as she paid. I cannot currently get a mortgage as i am a student. Will my mother get clobbered with capital gains tax if she is not making a profit from the property and is selling it to her son?
Any info would be appreciated as the websites i have looked at are confusing with their wording.
Thanks
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