Yes, parents can gift up to £3,000 per year without any tax to consider, and this is a very common approach that parents take when supporting their child to get on the property ladder. Similarly, parents can help their child with staircasing through a financial gift. We follow the same principles as mortgage lenders with regards to gifted deposits, so the expectation is that the money is provided as a gift instead of a loan, and as such, parents will hold no interest in the property.