Johnb079897

Hello, My mothers brother who lives in Pakistan wants to gift me £50,000 to buy a house in the UK. Is this possible and any implications on tax? Thanks Mo

Hello, My mother wants to transfer her only property to me and move in with my brother. The property is only worth £230,000 and she has always lived in this property. She bought the property for around £46,000. If she transfers as a gift would there be any capital gains tax? Thanks Mo