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Don't miss out on inheritance tax relief

 

Posted on 1 October 2015

As HMRC consult on new inheritance tax (IHT) proposals for main residences it is becoming very clear that reviewing your IHT planning and your will is essential.
 
In the Summer Budget it was announced that an additional nil rate band would be introduced to take many family homes out of the charge to IHT on death. The relief will be phased in from April 2017 so that by 2020 an additional “residence nil rate band” of £175,000 per person will be available, however, there will be conditions that have to be met (to find out more click here).
 
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