Hugo Smith: Helping your clients' children onto the property ladder

Purchases, loans, gifts and guarantees

clock • 4 min read

Hugo Smith considers the tax implications of the various ways parents, in association with their financial advisers, might help their children take a first step onto the property ladder

The Local Government Association recently published a report that found the proportion of 25-year-olds owning their own home has halved in the last 20 years. 25-year-olds today find themselves part of ‘Generation Rent', with the prospect of owning their own home an uphill struggle at best, an impossible dream at worst, as the average house price is now eight times average earnings. The average age of a first-time buyer is now 30 and a first-time buyer in London now needs a deposit of £85,000 before they can even start looking for the first foothold on the property ladder. How then can...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Reform's 'headline-grabbing' non-dom announcement derided as poorly thought through

Reform's 'headline-grabbing' non-dom announcement derided as poorly thought through

Nigel Farage proposes ‘Britannia Card’

Sahar Nazir
clock 23 June 2025 • 5 min read
Nigel Farage unveils £250,000 non-dom charge

Nigel Farage unveils £250,000 non-dom charge

To be returned to Britain’s ‘lowest-paid’ workers

Jen Frost
clock 23 June 2025 • 3 min read
IHT revenue shows 'no signs of running out of steam'

IHT revenue shows 'no signs of running out of steam'

Expect increases to continue, experts agree

Jen Frost
clock 20 June 2025 • 3 min read