I currently own a property with my DSis and DM. We have an equal share. DSis and I also have our own houses that we live in. DM lives in the shared property. House has no mortgage.
DM wants to move to a smaller property but as it's a better area, is the same value. DSis and I agree this is a good idea.
However, we have no idea if this is financially viable. Will be have to pay capital gains if we sell and buy another as it's mine and my DSis second property? Apart from the £500 stamp duty, Will be subject to other taxes?