Was asked for some advice about parents getting a home loan for a child and then the child paying it back all expenses to parents
Plan was to transfer into child's name down the track
I pointed out that this would be a messy situation with cgt involved
What's the easiest way to make something like this happen
I was thinking the parents could get an equity loan , on loan funds to child who purchases in their name
But then the parents would be paying tax on the loan interest and have no desuctions....
Plan was to transfer into child's name down the track
I pointed out that this would be a messy situation with cgt involved
What's the easiest way to make something like this happen
I was thinking the parents could get an equity loan , on loan funds to child who purchases in their name
But then the parents would be paying tax on the loan interest and have no desuctions....