Similarly, if you’re borrowing money or paying for something via a note, these incredibly low rates are the threshold.
So if you’re in a sale with a family member, if you have made a loan to someone where you needed to charge some interest rate for “arm’s length” purposes, an August closing or refinancing can use these rates.
Also, lots of financial experts are recommending that people with significant assets make gifts while the estate tax threshold is $5.2 million (it expires on December 31). With these interest rates, sales are as good — and probably better — than gifts.
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