POSTED BY July 17, 2014 11:10 pm COMMENTS (3)ON
My mother wants to sell the house and we want to buy a flat jointly with my husband and my mother with the proceeds. But the flat that we want to buy will be more expensive than the proceeds, we will need to arrange for more funds. PLease guide me in the following ways
a) if my husband can apply for a loan on this join property?
b) if yes can he avail income tax rebate from the loan
c) my mother will have to jointly buy it so she doesnt have to pay capital gain tax, so if she buys jointly will she able to avoid capital gain tax?
d) how many poeple can be joint owners in a property?
thanks a tonne