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 Sent me a fake check?
I got a check in the mail, and a letter that I won 65,000 the check was for 1990.00 all I had to do was deposit it and call them. I looked and studied that check for days. I went to the bank and ...


 What would you do if you found a wallet with $500 inside?
...


 Paypal error, DEBT HELP!!!?
I had someone gain access to my bank account, and had to close it, it was paired with my paypal account.
i had recently bought something on ebay, and the transaction was approved by paypal after ...


 With internet banking does it cost any money to open and keep an account?
this mainly applies to alliance and Leicster, I know it sounds dumb but it's really important I know and if it does cost how much?...


 Does anybody know where you can go to get your debit card number?
My dad took away my debit card and i know everything else accept that number and there is something i really wanna buy. please ...


 What percentage of my net income should I be saving for retirement? (age 43)?
I would be happy in retirement with a mere $3500 per month income....


 Should I have a seperate account from my hubby?
Should married couples split all their bills down the middle and do things seperate? Right now we are behind on a lot (which the hubby blames me for because i have always handled the bills) and his ...


 What is 20 percent off $200?
...


 I need help no money 3 kids?
I got saved 0n 12-04 I'm was muslim all my life I believe Jesus Christ is Lord and want to buy my kids Toys for x-mas 12-25. I got hurt on the job I'm disable and can't work. I need ...


 What are you buying with your $600 from the US Government?
Just curious what people plan on buying with their government refund money. Woohoo!...


 Is it legal?
I have recently received a mail from a company looking for reps who can receive their customers payment (written to my name) and asking me to cash them and deduct 10% for myself and send the rest of ...


 Hi My name is Surabhi And I m in US .. I received a letter saying that I won $55,000 from International Lotto?
When I called them up I have been told that I'll receive a check of $1980 for the fee of International Lawyer.. Now i received the cheque of $1980... Is it real or some sort of scam... pls guide ...


 I have been scammed on the Internet for quite a substantial sum of money, I'm not insured on my debit card ???
I've contacted the police
I've contacted watchdog
I've contacted xray!!!
Im gutted!
Additional Details
several thousands of people have been scammed by this ...


 I owe a couple of banks money, now I can't open a bank account. Any suggestion's?
...


 What does "For Deposit Only" legally mean on a check endorsement?
I work in a small community bank and I have to "teach" about proper check endorsements at our monthy teller meeting. I'm just looking for a good way to explain it....


 How do I get ride of a car that I can no longer afford?
I have a 06' Eclipse that I got in 05' that I can no longer afford to keep. Any suggestions..??? Any and all will be greatly appriciated....


 How do you save energy/electricity at home?
Any ideas or hints are welcome....


 Why do many people in Britain have huge debts?
...


 Is there really a way to make money online?
I always read about it but I don't know if there legit or not.

Any links?...


 SMART ADULTS. help.?
if the father is the only person that supports his wife that does not have a job, with four kids, and his income is 44,000 dollors a year,

do you think if he pays 775 dollors per month ...



cheryl8172003
Can you purchase a house and give it to someone else as a gift?
                     
 




Skip
Rating
The quick answer to your question is yes you can purchase a house and give it to anyone you desire. Are you thinking about giving the house to a family member?

The reality of the matter is that you must consult a tax or CPA and especially a real estate attorney to find out the easiest way to do this and what you should do to avoid a very difficult potential tax problem.

If nothing else the CPA or tax expert is probably the most important person in this situation.

I hope this has been useful to you in some way, good luck


azheelshock
Lots of different ways to go with this one. I'll assume it is a family member. There is a limit in the amount of $$$ you can gift in a year before that family member would have to include the value of the house as taxable income.


SparklingButterflyLover
Sure, that would be a wonderful gift. I have known of some churches purchasing properties to give to some of their members who weren't able to afford a home on their own. I dont think theres anything legal about it. Same thing goes with purchasing a car for someone as a gift.
I know if someone offered to buy me a home i would really be blessed. Blessings come in all sorts of shapes sizes and forms.


buckoe59ca
Rating
Yes but there may be tax implications. Check the Revenue Canada web site or call their office to get details.


Bun
Rating
You are free to do so, at least legally.


brroughrider
yes, you can do this but there will be a gift tax associated with this, either you or the reciepiant will have to pay this, it is based on a percentage of the fair market value of the home, and the percentages vary state by state and in some states county/perish by county/perish.


ronrlogan
Of course you can!
(when can I move in? )


jj
OF COURSE YOU CAN, I NEED ONE BAD FOR ME AND MY KIDS!!!

PLEASE EMAIL ME, GOD WILL BLESS YOU TREMENDOUSLY.

JJ


yafetweka
Rating
Sure...

Let me know when I can move in!


question47
Rating
If you are doing it from the heart and your not one of those people who give and constantly through it back in people face then sure , why not share the wealth.


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