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PaulaH1(Initiate)Initiate
22 Feb 2023

If the parents lend $700K to their child to buy a home and don't charge interest are there any tax implications?

Will the answer change if loan money comes out of the family business and they don't charge interest?

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Bruce4Tax(Taxicorn)Taxicorn
22 Feb 2023

Depends on the facts, and how the business is structured.


You need to get proper advice based on your facts.


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