Hello, my husband and I are looking to buy a home soon, however TK qualify for a loan my in-laws will have to co-borrow with us and have their name on the title. My husband and I are going to be the only ones living in the house. I am just wondering what the tax implications would be for my in-laws when we go to sell the house since they won’t be living in it? Would they be exempt from paying capital gains on the house if we pay for the downpayment as well as the mortgage and other fees? Or would they still have to pay capital gains if their names are on the loan/title?
