From today (6 April 2020) the Residence Nil Rate Band (RNRB) is increased to £175,000 per person, up from £150,000 per person.
This remains transferable between married couples and civil partners so the total RNRB available may be £350,000 in some cases.
Please bear this new figure in mind as it will affect any allowances you may claim under Inheritance Tax rules.
Feel free to call us, if you’d like to discuss how this might affect you and what steps you need to take to benefit from the increase in the rate.
Remote Working during the COVID-19 Coronavirus Pandemic
We can carry out consultations, make changes to existing Wills and arrange instructions for new Wills, Lasting Powers of Attorney and Trusts over the telephone and Internet during this time.
Sussex Will Writers wish you all the best for the next few months ahead.
We help to inform our clients and readers of the latest industry news and developments. If you have any questions about any of the information on our blog or website, call us on 01903 533681 or get in touch by emailing: firstname.lastname@example.org
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Advising on Wills/Trusts/Probate/Powers of Attorney
Mobile: 07734 744886
Office: 01903 533681
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Now and in the Future
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Steve Worsfold has been an Affiliate Member of the Society for 15 years.