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Will and probate team

Inheritance Tax & Your Home – Could you be paying too much?

By | Legal Updates, Probate and Trusts, Will and probate team, Wills | No Comments

In 2017 new rules were introduced to allow home owners to a claim an additional allowance to reduce their Inheritance Tax (or IHT) liability.  This news came as a welcome relief to many homeowners wishing to pass their most prized asset to their loved ones. “Claiming this allowance may not be straightforward” says Ben Holden Associate Solicitor of MacDonald Oates Wills, Probate & Trusts Team “many people may losing out by failing to meet the various conditions set by law”….

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