- Consider valuation and funding options
- You may need to consider stamp duty and other taxes
- Cashing in investments to fund the purchase tax-efficiently may be tricky
Imagine you and your two siblings inherit your family home. It's a beautiful detached house in the countryside that holds many good memories, but also requires a good deal of upkeep. They are keen to sell, while you would like to refurbish it and rent it out.
Buying them out might seem like the obvious solution, but putting this into practice is not straightforward and will require some careful financial planning. This is even more true if you are preparing to purchase someone’s stake in a business instead – an area where complications abound.