Advice needed on family buyout of property

[Urbanfox1050]

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Urbanfox1050
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April 27, 2026 at 5:14 pm

I have a family property where I own 50% while my 3 siblings own 16.67% each. I want to purchase the remaining share from them post mutual agreement at a rate slightly below market price. How can a transaction like this. How can we settle this transaction in the best way in terms of of taxation and favourable legal route as we are not of ample means to pay huge tax. Will a family settlement deed work here? I read that such a set up is tax free for all parties.

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