Quote:
Originally Posted by Brillopad
It's not that simple Kazanne. At the moment you have to have done that several years ago or they can still take it.
I have no doubt they will increase that time to something ridiculous like 20/30 years and probably stop people doing it altogether somehow.
I plan to do this but just hope they don't increase that time limit too far.
|
The obvious workaround, if you have the funds, is to actually SELL your property to a child as soon as they are responsible adults... but give them the money to buy it (so effectively buying it from yourself, but in their name) so that it's not just signed over but actually sold.
The other option, if you're not sentimentally attached to the property, is to actually sell it and use the funds to buy non-traceable assets like bearer bonds / gold / rare coins / art / other collectibles or I guess, these days, bitcoin? And give those to your offspring with no papertrail.