In the world of property and finance, the age-old question of whether it's right to help your children with a house deposit has taken on a new twist. Richard, a 79-year-old from Cheshire, finds himself grappling with this very dilemma. He and his wife have worked hard to build their wealth, and they've always believed in the value of earning things for oneself. However, a recent visit to his financial advisor has opened his eyes to a potential tax-saving strategy that could benefit his son. This article delves into the complex web of emotions and financial considerations that come into play when deciding whether to help your children with a house deposit, especially when it might just be a clever way to dodge tax.
