borrow money from China

Hi:  Please give me some suggestion.

We would like to buy a house, but only have 10% down pay, since we have not sold our current house.

If we would like to borrow money from family in China, say 30K.

1.  How to do this? Any tax/income issue for us?

2. If we return the money back in the future, Do we have to pay some kind of tax?

 

Thanks.

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I just asked the same question earlier, some one hint to get per -地主老头儿- 给 地主老头儿 发送悄悄话 (309 bytes) () 05/26/2011 postreply 12:02:48

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