Property inheritance figures paint bleak tax picture for millennials

Millennials on course for an ‘inheritance tax bombshell’

Sahar Nazir
clock • 2 min read

Around half (46%) of high net worth (HNW) individuals plan to pass on properties to their offspring, putting them in line for major tax implications, wealth manager Charles Stanley has warned.

Of the 96% of respondents to a recent survey conducted by the wealth manager said they plan to leave an inheritance to their children, 46% plan to leave their children a house as part of their inheritance. Just under a third (30%) plan to leave other significant assets to their children and as many as a fifth (19%) plan to leave a business. The survey also found that liquid assets remain the preferred form of wealth transfer for HNWs, with 76% planning to leave inheritance to their children in the form of money. In addition to this, parents with children aged 30-39, have already gifte...

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 Your profession

PA Asks: Are you worried about losing clients to targeted support?

PA Asks: Are you worried about losing clients to targeted support?

FCA outlined targeted support plans on Monday

Professional Adviser
clock 02 July 2025 • 1 min read
Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read