Taillefer
2023-08-04 16:20:19
- #1
Does it make sense to change the ownership structure now? Interest, maintenance, and much more can all be tax-deductible by your parents. From a purely rational point of view, that is by far the better model.
In principle, yes. The problem is that in 2 1/2 years my father will retire and then, due to age and lower income conditions (pension and currently still employed), he probably wouldn’t be able to get a loan anymore.
You can buy the apartment at any price. The ownership transfer will happen anyway. If the price is too low, the tax office will get involved due to partial gift. Exemption amount 400,000.-- from each parent. The notary also wants the fees based on the current value. The question is at what price it will get noticed. And the bank wants the money immediately, despite an ongoing fixed interest period. If the apartment is ever rented out, you can only deduct the low purchase price. If the current interest rates are lower than the current ones, I would wait the 2 1/2 years. Bullet repayments are often completed with another form of savings (building savings contract, life insurance). The fairest way is if you buy the apartment for 75% of the value and your parents gift the 25% to your sister. And then answer Pacmansh’s question
Ok, thanks for the info. The exemption amount for the gift would be sufficient. Although the 75% is the fairest, the purchase would probably not be an option then, because the loan amount would be too high as I would have to finance it alone with one salary.