Q
qte
Guest
Can someone shed some light on this one for me, please...? If I get a gift from my parents, which I then put towards a house (which I'm getting with my partner - who isn't married to me!), is my other half liable for gift tax?
I know I can receive said gift from my parents tax-free as it is under the threshold, but by buying a house with my partner am I essentially "gifting" her some of this sum too...?
If anyone has some first hand knowledge of a similar situation, I'd be very thankful!
I know I can receive said gift from my parents tax-free as it is under the threshold, but by buying a house with my partner am I essentially "gifting" her some of this sum too...?
If anyone has some first hand knowledge of a similar situation, I'd be very thankful!