A client of mine is helping a friend purchase a property. Currently the friend cannot obtain a mortgage, but is able to provide the deposiut and make all the repayments. So my client will get the mortgage in her name and then after two years it is hoped that the property can be aquired in the friends name. What are the income tax and capital gains implications?
03rd Jun 2011 08:24
Property purchased for a friend who cannot raise the finance
Property purchased for a friend who cannot...