Annual gift exclusion

[Logan Jamieson]

Hey all,

Question here, obviously i will follow up with a tax attorney but wanted some preliminary info.

Due to current mortgage rates I am exploring ways of getting creative.  I have the opportunity of a parent who has offered to purchase a house in cash and allow me to make monthly payments to them to slowly purchase the home from them at 0%.  

Anyone know if/ how I can leverage the annual gift tax exclusion of $17,000?  With a lease to own contract could I pay them $17,000 per year towards equity in the home and have that count as a tax free gift so they are not taxed on that amt. as income? If not, any other thoughts on how to get creative with the above mentioned goal?  

Thanks in advance!!!