Generational Wealth: Inheritance Tax Implications of Gifting Property Deposits to Children The "Bank of Mum and Dad" has become a cornerstone of the UK housing market, often acting as the decisive factor in whether a young adult can transition from renting to homeownership. Gifting a property deposit is a profound act of financial support, but it carries significant legal and fiscal weight that extends far beyond the initial bank transfer. For parents, the primary concern isn't just...