New Property Legislation circa 2020.

[Waltzing]

Interesting read -

https://www.interest.co.nz/property/...gardless-their

[kiora]

Maybe better to advance the money for purchase and charge interest repayable on demand?

"Walker said implications arose if parents co-owned a home with a child and the ownership structure changed, for example from 50:50 ownership to 75:25, because that changed the legal title of the property.

This could result in a tax liability and restarting the bright-line test period at 10-years again, she said.

“That’s a disposal which potentially triggers tax, and it’s also going to be a change to when the bright line period applies so essentially the bright line period restarts again.”

Ten years was a long time to hold onto a property, making it hard for people in co-ownership arrangements to escape paying tax, she said."
https://www.stuff.co.nz/business/ind...+November+2021