Now is the time to review your will and check your inheritance tax planning.
The new Residence Nil Rate Band comes into effect on 6th April. This gives certain people an additional £100,000 inheritance tax free amount against their estate in respect of their home. However the rules are complicated and a claim has to be made to HMRC for that extra allowance.
Now is the time to review your Wills to see if you can take advantage of this extra tax free amount. It is also worthwhile speaking to your financial advisor/accountant about any tax planning you may have already done and they can liaise with us to ensure that planning is still good.
Please feel free to contact Jeanette Berry on 01282 422711 or email at email@example.com