In the wake of the 2015 General Election, the Conservative Party confirmed it would deliver on its Manifesto promise that parents could pass their property up to the value of £1m to their children free of Inheritance Tax, thanks to a new ‘family home allowance’. The allowance is called the Resident’s Nil Rate Band (RNRB) [...]
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For first time buyers, getting onto the property ladder may seem like a daunting process, but there is help available. With demand outstripping supply in many areas, the average UK house price has been pushed beyond the reach of many of the UK’s estimated 335,750 first time buyers. A report from The Land Registry (based [...]