04Feb
2016
2016
Get your Will reviewed to comply with new Residential IHT Rules
craigsol / 0 Comments /Residential IHT Rules
Get your Will reviewed to comply with new Residential IHT Rules. Major changes to inheritance tax on the family home are due to come into effect in 2017 but the downsizing provisions, which apply to people who have sold their home since July 2015, are already in place.
These changes will mean that many people will need to update their Wills in order to ensure they get the full benefit of the new tax relief, known as the “Residential Nil-Rate Band”.
You can read about the changes in our article here: IHT Changes
If you require any further information then don’t hesitate to contact us today.
