I am from Greece and I am looking to buy a house in the UK with my girlfriend.
My father in law (her father) Will pay half of the house price from his account
and the rest will be under my name using a mortgage.
His money are in a UK account (It is legal and been through all the money
laundering checks to be transferred in the UK).
His daughter (my girlfriend) is a UK resident without any income here .
Because In Greece if the dad wants to donate / gift money to his daughter he has
to pay tax.
So we think the best way is me and her dad to buy the house together (under his
name) and then he wants to transfer / donate it (the house) to his daughter.
in this situation does he have to pay any tax ?and if yes how much?
- posted 7 years ago