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Tag Archives: First-time buyers
What are the tax implications of being the Bank of Mum and Dad?
My husband has recently retired and we are ready to plan the next stage of our lives. Our first decision is to sell our historic but rambling country home and downsize to something more manageable. Once we have bought a …
Posted in Shorter Reads
Tagged Bank of mum and dad, First-time buyers, IHT, inheritance tax, property purchase, tax
Comments Off on What are the tax implications of being the Bank of Mum and Dad?
How can I help my children buy a house?
The Bank of Mum and Dad supported more than half of first-time buyers under the age of 35 in 2020 and is the sixth largest lender in the UK. The average amount provided by the Bank of Mum and Dad …
Posted in Shorter Reads
Tagged First-time buyers, Gifting, loans, trusts
Comments Off on How can I help my children buy a house?
