With house prices ever-climbing and the lending criteria being impacted by the Credit Contracts and Consumer Finance Act 2003, it is increasingly common for parents to find ways to help their adult children into home ownership.

Unfortunately, this can result in the parents having an unexpected income tax bill, especially with the bright-line period being extended from 5 years to 10 years.

BetterCo director Vinay Iswar has put together an informative article outlining the ways in which you can help your children into a home without those unexpected costs, including options such as gifting the house, selling the house at a discount, or becoming a co-owner.