onlyonpaper
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Please excuse if this query is in the wrong location; My daughter has approx 1 yr left on mortgage. She has now identified another house she would like to purchase as current one is too small for her growing family. To help her situation I was considering lending her the money (over 200k) to purchase the new house. That will give her the time to sell her current home, pay off the outstanding mortgage and organise a new one ( approx 6-9 mths). She lives in an area where houses have been selling quite quickly.I would then be paid back the money I would loan.
Could I get some advise please on the Revenue,Gift tax implications of doing this if any.
Could I get some advise please on the Revenue,Gift tax implications of doing this if any.