{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/626fed409e3b7c00135fcb82/6334b272a981010013073ab7?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"104 - Bank of Mum & Dad - with Alan Purcell @CloudAccountsIreland","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/626fed409e3b7c00135fcb82/1662586734964-60cf620953ffb8525f75ea8b90d24e74.jpeg?height=200","description":"<p>Nearly 50% of Irish Home Buyers need help from the Bank of Mum &amp; Dad. Gifts from Family and Friends is sometimes the only way to afford a deposit for a home as prices become less affordable to the average household. For those fortunate few, it can be a lifeline... but there are risks and tax implications. </p><p><br></p><p>So this week in Part 4 of our House Buying Guide, I talk to Alan Purcell from <a href=\"https://www.cloudaccounts.ie/\" rel=\"noopener noreferrer\" target=\"_blank\">CloudAccounts.ie</a> who talks us through how a parent or family member can 'loan' or 'gift' you money to help buying a house. </p><p><br></p><ul><li>Why you should consider your 'Lifetime Limit' of Inheritance and Gifts.</li><li>How much your mother, brother, uncle and best mate can give you.</li><li>A clever trick to get €48,000 from your parents over New Years... TAX FREE!</li></ul><p><br></p><p>I also go through our Mortgage Application Checklist in my Explainer section - and Alan goes into detail about self-employeed mortgage applications, plus other taxes involved in buying, selling or owning a home.  Find Alan on Instagram too <a href=\"https://www.instagram.com/cloudaccountsireland/\" rel=\"noopener noreferrer\" target=\"_blank\">@CloudAccountsIreland</a></p><p><br></p><p>At the end we have our fun features - In, Out and Away &amp; New Home vs Old Home - plus a round up of this week's news you need to know.</p><p><br></p><p>Find out more about the house buying process at <a href=\"https://www.irishhome.ie/\" rel=\"noopener noreferrer\" target=\"_blank\">www.IrishHome.ie</a> and Follow us on Instagram <a href=\"https://www.instagram.com/irishhomemagazine/\" rel=\"noopener noreferrer\" target=\"_blank\">@IrishHomeMagazine</a></p><p><br></p><p>If you are starting your Home Buying Journey, <a href=\"https://shop.irishhome.ie/\" rel=\"noopener noreferrer\" target=\"_blank\">order the Irish Home Buyer's Journal here...</a></p>","author_name":"Ben Thompson"}