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Sure hope her kids appreciate it and deserve it. I've seen too much of the flip side to have that much faith in kids' financial acumen without proof. Still think it's an example of good parenting when the kid has no appreciation of money and just expects mum and dad to give it to them even when...

Put it this way, Carol, if you don't find a way to use that money, I'm sure your kids will. Does it make sense for you to work hard in making it and your kids get to spend it? Or maybe I'm just selfish.

From a tax perspective, selling a property involves paying CGT, which is likely to be >5%. If the govt finds out you're transferring property at a lower than market price (deliberately, as opposed to just finding a desperate seller), would they just charge you stamp and let you go on CGT? Alex

Carol, may I suggest also reading The Millionaire Next Door, in particular the section about Economic Outpatient Treatment. Helping kids with money doesn't necessarily help them in the long run. You may have been jealous of your friends who received parental help, but now who is better at...