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Financial Planning / Tax Strategies


Subject:  Re: private loan - details, details... Date:  8/3/2004  11:27 PM
Author:  Foolferlove Number:  72732 of 127616

President, 1st Bank of Lorenzo

I'd like to take a loan out at the first bank of Lorenzo too. 4 percent sounds real good to me! Where should I send the application?


Actually, I do have a real question...Can I loan money to a family member and charge zero interest with an indefinite repayment period? Or is this kind of loan somehow a no-no since it can be used to get around gift taxes?
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