Why buying property for your kids can backfire – latest tax news – API Magazine

For many parents, the desire to give their children a significant headstart in life is a powerful motivator. In a property market that often seems insurmountable for younger generations, purchasing an investment property with the express intention of it one day benefiting their offspring appears to be a shrewd and loving gesture. It sounds like a smart strategy to build wealth and secure a future asset for them. However, as

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