THREE KEY FACTS: Two in five parents pay for their adult children to go away with them . More than half of under-35-year-olds who bought a home in 2023 received financial help. Once a parent makes a gift to their children, they start a seven-year clock where the gift will no longer be subject to inheritance tax.
OPINION Just who are these so-called adults who let their ageing parents pay for their holidays each summer? I’m not jealous, of course; simply surprised that, according to a study by Kent Reliance, more than two in five parents are not only stumping up for their adult children to go on holiday with them, but also paying for their flights, meals out and activities..
