Our two adult children want to help us reduce costs by paying off the mortgage on our private home. We have 60% equity.
I thought they might be able to get some tax relief by claiming our house as an investment.
Is this possible? How would it be best structured legally?
Can anyone recommend a good, but very conservative, tax advisor in Wellington if we take this further?
Thanks!
I thought they might be able to get some tax relief by claiming our house as an investment.
Is this possible? How would it be best structured legally?
Can anyone recommend a good, but very conservative, tax advisor in Wellington if we take this further?
Thanks!
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