Selling Property
Planning and preparation Buying and selling property at the same time Selling your home to move into a new home at the same time can be a challenge. The dreaded property chain can cause chaos, tripping you up at the last minute. With both processes, there can be a lot of paperwork and agreements involved, […]
Inheritance Tax Residence Nil-Rate Band
Owning a residence which you leave to direct descendants The introduction of the ‘residence nil-rate band’ (RNRB) has made it easier for some individuals to pass on the family home. The rise in property prices throughout the UK means that even those with modest assets may exceed the £325,000 ‘nil-rate band’ (NRB) for Inheritance Tax. […]
Homebuyers will not pay stamp duty on properties up to £500k until 31st March 2021
Rishi Sunak announces Stamp Duty holiday Chancellor Rishi Sunak announced on 8th July 2020 a measure that could save the average homebuyer over £2,000. The last stamp duty holiday was back in 2008, in a bid to lift the market following the financial crisis. In a move costing £600 million, the then-Chancellor Alistair Darling suspended […]
Seven habits of financially astute people.
End your year how you plan to start your next. So what is it to be Financially astute? We are talking about those with more modest means who make the most of their money. … To make the most of their wealth, the financially astute may consciously or unconsciously hold onto a set of money […]