As you know the IHT allowance has gone up where a house is involved.
On the radio today they mentioned that if you downsize from a large house to a smaller one and keep the equity you release in cash...then you would still benefit under the scheme. The value of the old house would be used when working out IHT.
It seem there might be quite a few people living in modest houses that might benefit by moving into a larger house for a few weeks.
Can they make things any more complicated?
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