My partner is offering to Lend me the additional funds needed to secure a house in the current market.
This would be a loan to be repaid over the coming years. (There will be no mortgage lender Involved)
1. Would this Loan be liable for Capital Acquisition Tax/ other taxes by revenue ?
2. Would an official loan document need to drawn up or is it ok just to have this agreed between us ?
Any information would be much appreciated.
No issue once it's actually a loan. That means there has to be a repayment schedule and interest rates charged on what your partner could earn at the bank (so basically zero).
However for smaller amounts it can de facto be a gift as you can gift someone €3k a year with no CAT implications too. So for example they could lend you €30k today, then "gift" you €3k to pay them back every year, and after ten years the loan is gone and there is no CAT obligation.