Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
13 Jan 2024

If my elderly father was to buy a home to live in but put it in his childrens name, what sort of tax implications would that have for the children? Or should he put it in a trust set up?

1,971 views
1 replies
1,971 views
1 replies

Most helpful response

Most helpful reply

Taxduck(Taxicorn)Taxicorn
13 Jan 2024

There would be capital gains tax (CGT) implications for the children on the sale of the property (as the property would legally be theirs).

All replies

Loading
Buying property in childrens name - good or bad? | ATO Community