My mother has sold her bungalow some months ago we are now going to purchase a new bungalow there is no mortgage on the property and her son already owns another property with his wife
The question is what is the best way of gifting her son the property? Is it best for her son to buy the new property and pay the 3% stamp duty the bungalow is worth 200 K.
Would there be any future tax implications on this for her son? Or the other option is for the mum to buy the property and give her son the property or leave in her will?
does anyone have any ideas as to what The best options are in this scenario?