Not sure if I'm in the right forum here so Mods please move if appropriate.
I want to give a gift of €45k to my daughter to buy a house with her fiancé. Because she's not permanently employed - she's a primary teacher but just getting subbing jobs at the moment - it's easier to get a Mortgage in just the Fiancés name. They see a house they really like and want to go ahead now even though they are not getting married till July next year.
I know my gift to her will not be taxable as she has not received any money from me before but if she then gives it to her Fiancé will he be liable for Tax on it? If they were married I know he wouldn't be liable. Is there any legal way around this??
Any suggestions would be very welcome.
I want to give a gift of €45k to my daughter to buy a house with her fiancé. Because she's not permanently employed - she's a primary teacher but just getting subbing jobs at the moment - it's easier to get a Mortgage in just the Fiancés name. They see a house they really like and want to go ahead now even though they are not getting married till July next year.
I know my gift to her will not be taxable as she has not received any money from me before but if she then gives it to her Fiancé will he be liable for Tax on it? If they were married I know he wouldn't be liable. Is there any legal way around this??
Any suggestions would be very welcome.