Providing for your children when you have the resources is a natural instinct but, in this case, it might not be the right thing to do. Photograph: iStock
If my wife and I have been gifting the two kids €6,000 each for a few years, can we now help them to buy a property jointly? What would be the tax implications for them, as they are both under 18?
Mr A.G.
Tax might be the least of your issues here but, that aside, there’s a “can” and a “should” to this question and I think you and your wife need to think carefully, with your children, whether this is the right time for such a move.
With the relentless increase in property prices, it is understandable that people consider buying a home sooner rather than later.
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