Gift from parent
2 posts • Page 1 of 1
by curiousbuyer on Tue Mar 30, 2004 4:49 am
I have been offered a substantial deposit by my mother towards buying my first home. How much can she 'gift' to me without it being taxable? Or would it be better to buy the house in joint names with me paying the mortgage and my mother being an investor?
- curiousbuyer
- Posts: 1
- Joined: Wed Aug 06, 2008 3:09 pm
by Ian McTernan CTA on Sat Apr 03, 2004 12:35 pm
Better to gift, can be as much as she likes, will be treated as a 'PET' for IHT purposes.
Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com
Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com
- Ian McTernan CTA
- Posts: 1131
- Joined: Wed Aug 06, 2008 3:02 pm
2 posts • Page 1 of 1
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