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Latest News

Residence Nil Rate Band (RNRB).

A new tax-free allowance was announced in the Summer Budget 2015 (the Residence Nil Rate Band) that will take effect on or after 6th April 2017.  Downsizing provisions have yet to be finalised.

There are a lot of myths and misconceptions surrounding this new allowance - please call or view our website pages (not yet updated) for further information - including:

  • everyone has a new allowance of £1M;
  • everyone can pass their home free of tax to their children

You may not get the full allowance (or double the allowance) if:

  1. your estate exceeds £2M
  2. you rent property
  3. you don't leave your property (or proceeds of sale) to the right qualifying people and in the right manner
  4. you are unmarried

WATCH THIS SPACE!

Don’t get rid of your old NRB Trust Wills in favour of simplicity & Quiz on Wills, LPAs and Probate

Cornerstone Wills March 2014 Newsletter discussing the benefits of retaining the NRB Discretionary Will Trusts

Welcome to our March Newsletter that we email to all our clients and introducers on a monthly basis.

In this newsletter we discuss why you shouldn't be hasty in removing the NRB Discretionary Trusts and the benefits for retaining them. We also have a light-hearted prize quiz for you.

Click on the link below to view the March Newsletter.