Parents helping children could face stealth tax - papers 25th February

Accountants and solicitors contacted by the daily warn these "unexpected" tax bills will arrive when people are least able to afford them - when the parents or grandparents who have helped young buyers with a deposit are themselves retired. Ian Luder, tax partner at accountants Grant Thornton, told the paper: "These government proposals will cause mayhem for hundreds of thousands of people. The fact that these new rules will be retrospectively implemented will wreak havoc. "With increasing life expectancy, it is likely the number of widowed or infirm elderly parents moving into their...