Parents take out a loan -> standing order -> gift

  • Erstellt am 2013-01-07 18:56:29

DGF89

2013-01-07 18:56:29
  • #1
Hello,

Since I am only just starting to work now, but with about €2500/net, we are not yet able to get a loan for a plot of land. However, we have a plot in sight in the town we want to move to. There are hardly any free plots left there, so we want to secure the plot as soon as possible, even if we only want to build in a few years.

Now we have thought that my parents take out the loan and buy the plot (€23,000) and we pay the installments for it, which would not be a problem.

When the loan is paid off, could my parents gift me the plot? The gift tax only applies from €400,000 in this case.

Is that allowed and possible?
 

Snow57

2013-01-07 19:16:54
  • #2
Wait, did I read that correctly?

Your parents buy, sign, you pay the installments?

Sorry for writing it like that, as a dad I would say: "No, my boy, that's not how it works"
 

GeorgPuetz

2013-01-07 20:18:54
  • #3
Does Dad already know about his luck?

It is conceivable that Dad (he has the money) grants the son a loan. For example at 4% interest. The son buys the property and pays the installments (interest 4% + repayment) to Dad. With this deal, Dad receives a decent investment return and the son pays a market-standard loan interest rate. If one of the parties deems it necessary, a land charge or mortgage can even be arranged for Dad. However, due to the resulting costs, it might also be forgone. After all, it's family.

I would imagine the repayment rate to be quite high given the loan amount. Around 15-20% p.a. That way, the loan is repaid after 4 to 5 years. And when the house construction starts, you can present the bank with a burden-free property = equity.

And in those few years, you have already learned and proven that you can manage financing with your income.
 

carthamen

2013-01-07 22:54:06
  • #4


So, what you are writing there is completely incomprehensible from a bank's point of view. With €2,500 net per month as a single earner, that is not a bad income at all. And you must have saved something. If you finance 80% of the amount = about €18,000, you will get a loan from every bank. Have you already asked concretely?

Greetings from the Lower Rhine - CARTHAMEN
 

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