I guess you tell the bank it's a gift but do a contract with your child and partner that it is a loan and that for the purpose of getting a mortgage you have agreed to let the bank consider it a gift.
Say we want to do a straight gift of 50K. But if we do that, won't they have to pay gift tax? The exception is only 3K a year, so 6K for husband and I.
In my experience, people sign the bank declaration and then separately sign a document stating that the bank declaration dated X is utterly meaningless and was signed purely to square off the bank with the agreement of all parties. I have also seen Revenue accept this.
Paper doesn't refuse ink - Agreements, written or not, that are demonstrably a ready-up have no basis.
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