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I'm in a bit of a weird situation. My folks in the way of helping me out got a mortgage under their name to help me out establish a business because teaching alone doesn't really do much for me financially.
I have a chance to work overseas which would be great chance for me to travel/make a bit of extra money.
Currently there is 60 grand left of the mortgage and my parents don't have a way to keep making payments themselves (which is fine because that was our agreement). I have been making a fortnightly payments into their bank account for them to keep paying the mortgage.
My question would be:
When I move overseas how would I go about keep making those payments? Would the constant overseas payment into their bank account get flagged as income?
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- 2 years ago
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- reddit.com/r/PersonalFin...