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  1. Paul@PFI

    Gifting Money of sold property.

    Not after 5 years but a recent gift / transfer etc could be clawed back or adjusted in the final settlement in FC orders. eg : Dads share of matrimonial assets may be reduced by his gift to his son. The FC don't care whose name title is / was held in. They ignore mosts trusts, companies etc too.
  2. Paul@PFI

    Gifting Money of sold property.

    There is a way to structure a parent loan to an offset. Its just messy. They need to lend (using an agreement) to the adult child and spouse with strict terms requiring that he fund be dealt with in only an agreed offset account and that addresses that the parent funds are not unsecured but are...
  3. Paul@PFI

    Gifting Money of sold property.

    No tax consequences provided they have reported the cgt profit if any. There are other considerations: - Deceased estate issues - Risk to loss of that capital to siblings bankruptcy, marriages, etc. This may be the greater problem. - Parents have a potential to have this affect govt...
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