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Give or loan towards DD’s down payment?

(128 Posts)
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Oopsadaisy1 Mon 07-Aug-23 08:10:19

If you can afford it and it won’t leave you short as you get older and can afford to treat all of your children equally then I would gift the money, you just have to live for 7 years afterwards so that they don’t get taxed on it.
If the house needs work on it you could pay for that and have the invoices sent directly to you?

If you can keep your estate under the IT amount you could leave the money to them then. But it’s nice to be able to help when they need it.

Maybe open a spread sheet and see which is the best option for you,

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Aveline Mon 07-Aug-23 08:06:29

Make it a gift.

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mokryna Mon 07-Aug-23 08:04:01

I would like to help with the down payment on a house my DD and SiL are buying, which they have the mortgage already in place. What are your experiences and what would you recommend? I have already written a will but I don’t want to waste money on either me or them paying more taxes as they have already paid stamp duty.

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