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:
You may not get the full allowance (or double the allowance) if:
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There are many reasons why our clients refer us to their friends and family in order to draft their Wills, Trusts and Lasting Powers of Attorney, to protect their assets and administer their estate. Please see some of their comments on the Testimonials page.
The top ten reasons for coming to Cornerstone Wills can be summarised as:
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