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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
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Experience:  10 years experience
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Is it legal to "gift" a business to a relative? It is to be

Customer Question

Is it legal to "gift" a business to a relative ? It is to be "paid" back when the first owner dies and the cost will be deducted from he estate.
Submitted: 1 year ago.
Category: Tax
Expert:  Mark Taylor replied 1 year ago.

Hi, my name is***** will be happy to help you.

Expert:  Mark Taylor replied 1 year ago.

Based on your description it sounds like it is a loan and not a gift. Could you please provide me with additional information.

Expert:  Mark Taylor replied 1 year ago.

The money is coming from a business?