Just looking for some advice regarding gift tax between my fiancé and myself.
We got loan offer for a mortgage today for building a house on a site that he inherited from his Dad. The bank wants us to put the site into both of our names however I think there will be tax implications if I am "gifted" half of this site before we are married (wedding is in November) The site was valued at €85,000 if that helps. Any advice would be great!
We got loan offer for a mortgage today for building a house on a site that he inherited from his Dad. The bank wants us to put the site into both of our names however I think there will be tax implications if I am "gifted" half of this site before we are married (wedding is in November) The site was valued at €85,000 if that helps. Any advice would be great!