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Personal Finance16.05.2017

Are you at risk of missing out on the family home allowance?

The Residence Nil Rate Band is now in effect and it may be worth reviewing your will to ensure your estate is eligible.

Homeowners who want to leave something behind for the next generation received a boost last month in the form of the Residence Nil Rate Band. This has been designed to make it easier to pass on the family home to direct descendants without a tax charge but some may be at risk of missing out due to the qualifying conditions.

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