What IHT rules should parents be aware of when making gifts to their children?

Nick Ritchie, director, RBC Wealth Management, 12/09/2022

The so-called Bank of Mum and Dad continues to be a major contributor to children’s savings, helping younger generations achieve all important financial goals like that first house purchase or funding further education. 

With billions of pounds worth of wealth transfer expected between generations in the coming decade, it is important parents do not fall foul of potentially complex tax rules.

Starting with the basics, each parent ...

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