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The Law Lab: A Diary
21 Mar
Property prices in London and the South East have been booming for years now. Every once in a while there’s talk of the bubble bursting, but, whether it’s due to demand outstripping supply, or any other factor, there’s no sign of it on the horizon. Stagnant Nil Rate Band One of several major issues this causes is that when a homeowner dies, their estate is likely to face a very substantial bill for Inheritance Tax. This is because, although the law allows you to leave an amount of wealth in your estate tax-free (known as the Nil Rate Band), the
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