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gifts and loans

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I know I can gift up to $10,000 to my son without tax liabilities. Can I also lend him $10,000 the same year in order for him to buy rental property, also with no tax liabilities? Thanks.



Gift and loan

If you are married, your spouse can “join in the gift” and the two of you can give him $20,000 without gift tax consequences.

If you give him over $10,000, there is a lifetime exclusion of $675,000 you can apply against the gift.

To answer your question, yes, you can also lend him $10,000, or as much as you want. However, make sure it is a loan and not a disguised gift.

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