Historically, many well-to-do parents have shown largesse in granting their children ownership of portions of their significant property holdings but if you're wondering whether "selling my house to my child" is a prudent move for you, read on.
These days, with young people finding it ever harder to get a foot on the property ladder, even parents with quite modest means are acting to give their offspring a boost by selling their own homes to them.
To give their child or children the greatest advantage, the temptation for a parent or parents is to sell their house to them at well below market value.
They may even give the child their house, but the child must still pay government fees and taxes on the lowest acceptable valuation, i.e., the council valuation.