Thousands more parents give children six-figure deposits to avoid inheritance tax

Thousands more parents give children six-figure deposits to avoid inheritance tax

There has been a spike in parents giving their children large sums of money for housing deposits, many in a bid to avoid high inheritance tax charges in the future.Some 110,325 buyers received at least £100,000 from a family member last year, up 8 per cent from 102,546 in 2023, according to tech company Twenty7tec.Experts say many are choosing to gift their money now, often in the form of such deposits, to avoid leaving family members with hefty…

Inheritance tax: Parents scramble to gift £800k house deposits to dodge Labour’s death tax raid

The number of parents giving six-figure house deposits to their children to avoid Rachel Reeves's inheritance tax changes has surged in the last two years, experts have said.Over 100,000 homebuyers received at least £100,000 from a family member last year, according to new data.Wealth advisers and mortgage brokers report a rise in parents making substantial gifts to help children get on the property ladder while simultaneously reducing their inh…

Is it too late to reduce your Inheritance Tax bill? - Smailes Goldie

Major changes to Inheritance Tax (IHT) were announced in the 2024 Autumn Budget with a staggered implementation of a variety of tax reforms. The new 2025/2026 tax year brings with it another change to the tax rules ahead of even greater changes in the years to come. You may find yourself wondering if there is anything you can do to mitigate these changes and pass on more wealth to future generations. Let’s explore the changes in more detail and …

Family Investment Companies come of age! ~ David Batchelor, Wills & Trusts Partnership Ltd, shares an often overlooked estate and IHT solution - IFA Magazine

The October Budget turned Inheritance Tax (IHT) on its head. Any client that had an IHT liability probably had it increased significantly with the inclusion of a client’s pension fund from April 2027. David Batchelor, Founding Partner of Wills & Trusts Partnership Ltd, explores an often-overlooked estate planning solution that can be highly effective when done right. With the increase in IHT for so many people, what are the options to reduce wha…