I bought a property 5 years ago with my sister, 50% each. Due to an admin error that I won't bore you with the Deeds are solely in my name. She now wants to sell her share and I am willing to buy it off her however we cannot agree a price.
The value of the property is roughly 110,000 euros (about £100,000) and she simply wants me to pay her £50,000. My arguement that if I was to sell the property I would have to pay 5% agent fees, any CGT etc etc and therefore would not end up with £100,000, probably much nearer £85,000. I have offered her £40,000.
Am I being fair or do people think it is only right I pay her what she wants?
Am I correct assuming with all the deductions I might lose £15,000 in costs?
I would be interested in any thoughts.