Dossier
House Purchase
Coverage of House Purchase in the Nexus archive.
- We have $8 million in traditional IRAs. Should we tap them to buy a house — and take the tax hit?
The article discusses a couple with $8 million in traditional IRAs considering using the funds to purchase a house, prioritizing paying taxes upfront over paying mortgage interest.
- If I give £425k to my son to buy a house for me to live in rent free can I avoid inheritance tax AND care bills?
A parent is considering giving £425,000 to their son to purchase a house where they can live rent-free, aiming to avoid inheritance tax and potential care home costs. The strategy hinges on legal and financial planning to reclassify assets and reduce future liabilities.