Hi,
I may be buying a house in the coming year and if so my parents will kindly make a small contribution in the form of a loan. What are the minimum steps involved? Can they just transfer it to me (it will be well below the gift thresholds for CAT) and I can transfer back as per the agreed schedule?
The question here is not about clarification over the loan details or the repayment schedule but solely about the Revenue, etc.
I may be buying a house in the coming year and if so my parents will kindly make a small contribution in the form of a loan. What are the minimum steps involved? Can they just transfer it to me (it will be well below the gift thresholds for CAT) and I can transfer back as per the agreed schedule?
The question here is not about clarification over the loan details or the repayment schedule but solely about the Revenue, etc.