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Gift or loan – father in dispute with son over house purchase

Gift or Loan to buy a property. Row of residential houses Homes England provides new guide to Help to Buy schemeThe High Court has settled a dispute between a father and son over whether money was ‘loaned or gifted’ to buy a home.

The father had been a successful builder and property developer who owned numerous residential properties. He and his son had been directors of a building company which owned a commercial property; the son also owned several other properties transferred to him by the father at an undervalue. Read more