Gift Tax

Hi Terry, I have listen to you on TV and radio and respect your opinion and advice. I am loaning or giving my daughter 500K to buy a house. Fortunately I am a position that I don’t need the funds. I can set up a loan to her and declare the interest on it (although not much chance to get it back)or I can use the IRS Gift Tax form from a living estate (which would not have any tax implications). Any thoughts on best approach