Generational Money Mentality, Asian Parent Tax & Bad Money Habits | Ep. 41
Level: Asian
00:00
Transferring Property and Financial Implications
This chapter discusses the practice of parents transferring property to their children and the financial implications that arise from this. They explore topics such as tax rates, buying property under the child's name, land tax, and the potential loss of first home owners grant. They also touch on the challenges of transferring ownership and the strain it can cause in relationships.
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