I’m giving my son a €490,000 property. Can I cut tax bill by giving part of it as a loan?
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A parent is considering giving a property worth €490,000 to their son. They are asking if using a part-loan arrangement could lower the tax bill. While capital gains tax on the transfer might reduce the gift tax, a part-loan could put that benefit at risk.
Capital gains tax on transfer can reduce son’s gift tax bill, but part-loan arrangement could jeopardise that