'Bank of mum and dad' lends £5bn a year in UK, says L&G

[PurpleGorilla]

Which only matters if mum and dad both die within 7 years of the gifts, and since mum and dad are likely to be still relatively young, the chances of that happening seem quite low. Even if not declared, I doubt very much the treasury would lose much, so you shouldn't lose sleep over it.

Im not bovered about the tax TBH.

But it's good to be honest and reveal how FUBAR the situation is.

Pretty much all my peers and friends have had BOMAD help.

[DimPrawn]

Im not bovered about the tax TBH.

But it's good to be honest and reveal how FUBAR the situation is.

Pretty much all my peers and friends have had BOMAD help.

Poor MM, all his friends are rich thanks to their parents, and he's not. Have a sad smiley.

Oops, wrong one.

[PurpleGorilla]

Poor MM, all his friends are rich thanks to their parents, and he's not. Have a sad smiley.

Oops, wrong one.

Just telling it how it is. I'm fine, it's the millennial generation I feel sorry for.

[DimPrawn]

Just telling it how it is. I'm fine, it's the millennial generation I feel sorry for.

They're happy with a selfie stick, they don't want a house.

[NotAllThere]

...
Pretty much all my peers and friends have had BOMAD help.

Thought you were in your 40s? All the people I know in around that age had no or little assistance from their parents.

[BrilloPad]

They're happy with a selfie stick, they don't want a house.

On Friday night I went back to Wales with the twins. The 4th seat was taken up by a generation Y. Her friend was standing over her and they were both talking very loudly.

Over the 2 hours to Chester most of the conversation was nonsense. Their family was in Chester, working in London, after Cambridge university.

There was a 30 second discussion on house prices. How it was impossible to get a deposit together so they were not going to bother.

If they are happy to rent, paying university fees back, etcetc. then f**k em.

I hope my children move abroad.....

[PurpleGorilla]

Thought you were in your 40s? All the people I know in around that age had no or little assistance from their parents.

No, I'm late 30's

[PurpleGorilla]

https://youtu.be/M4IjTUxZORE

On Friday night I went back to Wales with the twins. The 4th seat was taken up by a generation Y. Her friend was standing over her and they were both talking very loudly.

Over the 2 hours to Chester most of the conversation was nonsense. Their family was in Chester, working in London, after Cambridge university.

There was a 30 second discussion on house prices. How it was impossible to get a deposit together so they were not going to bother.

If they are happy to rent, paying university fees back, etcetc. then f**k em.

I hope my children move abroad.....

[MrMarkyMark]

Just telling it how it is. I'm fine, it's the millennial generation I feel sorry for.

Stop bloody whinging then.

I have a younger brother of 26, he doesn't go on, like you do, he just got on with setting up his own business. Looking at 50k profit this year, he only started just over a year ago.

PS. No BOMD for any of the 3 of us, we all run our own businesses.

[PurpleGorilla]

Stop bloody whinging then.

I have a younger brother of 26, he doesn't go on, like you do, he just got on with setting up his own business. Looking at 50k profit this year, he only started just over a year ago.

PS. No BOMD for any of the 3 of us, we all run our own businesses.

Impressive. Genuinely impressive. I will be encouraging my kids to do the same.

I'm not winging. Just pointing out what is keeping a FUBAR market inflated.