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The Bank of Mum and Dad! Buying property for children

Shared from Tax Insider: The Bank of Mum and Dad! Buying property for children
By Jennifer Adams, August 2024

Jennifer Adams looks at different methods and tax implications of parents buying property for children. 

Buying property for children can be a strategic way to secure their financial future. However, it is essential to understand the various methods available, and their associated tax implications.  

There are several ways parents can help their children buy their own home, for example: 

  1. parents purchasing the property outright or jointly with the child; 

  1. gifted deposit; 

  1. a loan; 

  1. placing the property in trust; or 

  1. buying via a company. 

1. Buying outright or jointly 

If the parent buys the,

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