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...

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