Archive for March 2017

The main residence tax allowance of £100,000 planned by former chancellor George Osborne to reduce inheritance tax liability has now come into effect. Inheritance tax is set at 40% and becomes payable once the tax free threshold of £325,000 has been passed. It is one of the most unpopular taxes as it reduces the amount…

The government has announced plans to build thousands of starter homes on brownfield sites across the country. They will be built exclusively for first-time buyers between 23 and 40 years old and sold at a discount of at least 20% below market value. The scheme will be run by the Homes and Communities agency in…

A woman has won a dispute with her siblings over the validity of their mother’s lost will, which had been mislaid shortly after being made. Following the mother’s death, the siblings claimed there was no will and so were granted letters of administration enabling them to dispose of her estate and share the proceeds. When…