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what proportion tax can we pay on conversion?is it in personal tax ?

My girl could be a single mother and as I’m a widow it looks wise to shop for a property along. we tend to propose to shop for an oversize run down house in my name and convert it ideally into two flats; one for every people. My younger girl is proposing to lend United States of America the cash till our properties sell. currently here comes the problem: however can we stand if one property takes twelve months to sell and therefore the new property remains in my name till once the sale of the second property?Want to hear from any tax adviser Who is good with these tax questions. can there be any liabilities and if thus however long can we have to be compelled to place the property in joint name before making this liability? would it not be higher not changing or delaying converting?

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