Hi All,
I'm just wondering if ye could give me some advice regarding buying a house for my 2 adult children to live in and also as an investment. Our house is a bit tight for space with 4 adults so it would help with this also. I am wondering if there are any tax implications or other issues that I am not aware of regarding this purchase. We will be buying with cash and won't be charging them rent or leaving ourselves strapped for cash either.
We intend putting the house in husband and wife names rather than the children.
I'm just wondering if ye could give me some advice regarding buying a house for my 2 adult children to live in and also as an investment. Our house is a bit tight for space with 4 adults so it would help with this also. I am wondering if there are any tax implications or other issues that I am not aware of regarding this purchase. We will be buying with cash and won't be charging them rent or leaving ourselves strapped for cash either.
We intend putting the house in husband and wife names rather than the children.
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