Summary
G. D. writes: What are the tax implications if a parent gives one of their children money to help buy a house or if they purchase the house, or a share in it, on behalf of the offspring?
L. K. replies: An outright gift from a parent to a child will have inheritance tax implications.See the full content of this document
Extract
Parent's Property Gift Will Be Taxed ; Ask the Experts
But provided the parent survives the date of the gift...
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