Overview
- Regional outlets report unconfirmed claims that officials could reduce the longstanding £3,000 annual gifting exemption used for intergenerational support.
- HM Treasury declined to engage with the speculation, reiterating that tax policy is set at fiscal events and highlighting a growth-first approach.
- The department pointed to the commissioned OBR forecast for presentation alongside the 26 November 2025 Autumn Budget as the timetable context.
- Financial advisers including Scott Gallacher, Benjamin Beck, David Stirling and Anita Wright warned a clampdown would hit families and effectively tax the “Bank of Mum and Dad.”
- Experts urged people to use existing allowances and planning tools, noting current requirements for gifted deposits, anti-money-laundering checks and clear loan documentation.