How to gift your child a house deposit . . . tax free
The small-gift exemption scheme may be a no-brainer but do your homework first

Parents need to make sure that their own finances are in tip-top shape before they start gifting funds to a child.
Funding a down payment for a home is a perennial problem and with deposit rates on the floor, some parents see the small-gift exemption as an ideal mechanism to build up a fund to be used by their children at some point in the future to buy their first home.
But while in many ways the scheme may be a no-brainer – at least for those who have the cash – it’s always wise to do your homework before committing to it.