Passing on the Family Home

Passing on the Family Home

New inheritance tax rules for passing on the family home started on 6 April 2017. This new relief should be taken into consideration when drafting your Will and we can work with your solicitor to make sure your Will is tax efficient.

From 6 April 2017 an additional nil rate band of £100,000 is now available on death where your residence is left to direct descendants. This is in addition to the normal £325,000 nil rate band and will increase over the next 4 years to £175,000 in 2020. This additional relief is however restricted If your assets exceed £2 million. The rules are fairly complicated but we can review your personal circumstances to ensure that you take advantage of all the relief that you are entitled to.

Free Consultation Meetings

We are generous with our time and look forward to hearing more about your business.

If you’re just starting out with your business venture and want the best advice on creating rock-solid foundations. Or you’re an established business that’s looking to grow and need help to build and fund your growth plan.

You can call in at any time to speak to one of our accountants and business advisers about a new venture or an existing business. We offer an initial free consultation meeting with a qualified Chartered Certified Accountant with no obligations.

During the meeting, we will learn more about your business, understand your motivation and your market and give you the business advice you need.