Question asked:

0
0

Hi Alan, my client is giving a loan of €200K to his son to purchase a house(his PPR). Hi son has not received any prior gifts or inheritances from his parents. His son intends repaying the loan(capital amount only) at a rate of €1000 per month: no interest is being charged by the parent to the son: Q: (1) is it best to treat this as a loan to the son(which it is) and if so what are the tax implications for (a) parents & (b) son: (2) would it be best/better to treat this €200K as a gift and if so, what are the tax implications for (a) parents & (b) son? Q (3) if its treated as a loan to his son, is there a deemed interest amount that revenue will charge income tax on the parents?

Marked as spam
Posted by (Questions: 227, Answers: 5)
Asked on 27 May 2019 8:56 am
30 views