Couple disputes whether parents’ $200,000 loan for house deposit was a gift
A woman questions her boyfriend's claim that her parents' $200,000 contribution to their house deposit was a gift rather than a loan.
A relationship dispute has arisen over whether money parents provided for a house deposit should be treated as a loan or a gift. The woman's boyfriend is claiming the $200,000 was a gift, but she argues the absence of a written agreement does not automatically mean the money was not a loan. The disagreement highlights the importance of clarity in financial arrangements between family members.
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NZ Herald
My parents loaned us $200,000 for a house deposit but now my boyfriend claims it was a gift – The Ex-Files
OPINION: The absence of a written agreement does not automatically make the money a gift.