My wife and I are thinking about buying my wifes mothers house from her. She is going into aged care and needs a lump sum. We are thinking of buying it in conjuction with other members of her family. We will live there as our primary home and pay rent to the other members of the family. Bar the inherent danger in mixing business and family, can anyone tell me the implications/pitfalls of doing this with regards to 1st time home owners grant, capital gains, anything would be useful. Also does anyone know where I could go for more info. Thanks.