Inheritance Tax and the Family Home
25 April 2017
The Conservative party’s 2015 election manifesto pledged to take the family home out of inheritance tax by increasing the Inheritance Tax (“IHT”) for married couples and civil partners to £1 million. The Chancellor announced in the Summer Budget of July 2015 that the enhanced IHT nil rate band (“NRB”) would be introduced with effect from 6 April 2017.
Download the BDO report below to find out how this may affect you and if you have any questions, please don't hesitate to contact your usual BDO advisor or any of the contacts listed.