Hi guys,just have a quick question:
If a parent offers to pay a large sum of money(around 20k) directly to the bank off their childs mortgage is this seen as a gift by revenue even though the child will never directly see any of the money?
Any tax implications?
Thanks
If a parent offers to pay a large sum of money(around 20k) directly to the bank off their childs mortgage is this seen as a gift by revenue even though the child will never directly see any of the money?
Any tax implications?
Thanks