Elle West

Hi Headlines today read HMRC to crack down on cash gifts parents have given to children over last 7 years. Please confirm this is correct and how can this be applied retrospectively? Thank you.

Hi Thanks for your message. What if the gift is over £3k say £20k to purchase first property is there a threshold? Thanks

Hi I am thinking about giving my daughter a cash gift over 3k as a deposit towards her first property. The property would also be mortgaged. If in future she then sells this property to purchase another property to live in what needs to be considered on equity part and any profit made on sale? I am aware of the 7 year gift taper. Would there be any capital gains forms to fill out? What about IHT? Is there anything else to think about? Thanks