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Buying a house on a Residential Mortgage for my parents. Any risks if they send us money?
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If they intend residing in the property then yes.youngy4130 said:I just want to understand if there would be problems if they did gift us money?
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After spending some time looking into things today this definitely seems like the best option. They will end up under the inheritance tax threshold so there’s no risk of waiting.Owleyes00 said:I would suggest it would be easier for your parents to put the money in a savings account which they can leave to you (for your children) in their will.Although you don’t consider the money rent, it may not be seen this way by HMRC.Thanks everyone for your help.1
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