This week we look at how a father can make the most tax-efficient transfer of his house to his two daughters
My father would like to transfer his primary residence to me and my sister. A lawyer suggested concluding a sale agreement at a fair market value but money never exchanging hands.
Further, there aren’t really any ways to transfer the property without triggering either payment from yourselves or tax. Even when your father passes away there will be estate duty on any amount over R3.5m to be paid.
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