The Bank of Mum & Dad


“So, if the parent was giving a loan of €100,000 with no interest rate attached, Revenue would consider that a gift of €2,000 a year.”

Has anyone on here done this?
 
Lol, so not only have they made house prices basically unaffordable to Joe Soap they also wanted to further tax parents who do help out their kids


That would have been political suicide
 
Lol, so not only have they made house prices basically unaffordable to Joe Soap they also wanted to further tax parents who do help out their kids


That would have been political suicide
They've been doing that on the Mainland for years. Boris promised to stop it but then who believes a word Boris says?
 
I didn't say "our" mainland. I said "the" mainland. Where do you think I mean?
Wum

“So, if the parent was giving a loan of €100,000 with no interest rate attached, Revenue would consider that a gift of €2,000 a year.”

Has anyone on here done this?
Yeah, loads of times. I have bucket loads of €100,000 wads to spare. I wish.
 
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