no story Budget 2018: Help to Buy Equity Loan

The announcement, as part of the Chancellors' autumn Budget, states that the new Equity Help to Buy scheme will be launched in April 2021 for first time buyers only. It will run for two years - closing in March 2023.

The scheme  houses with a market value up to new regional property price caps

huge bonus, was due to end , given a huf 

What is Inheritance Tax? 

When you die, the Government assesses how much your estate is worth, then deducts your debts from this to give the value of your estate. Your assets include:

• Cash in the bank

• Investments

• Any property or business you own

• Vehicles

• Payouts from life insurance policies

Your estate will owe tax at 40% on anything above the £325,000 inheritance tax threshold when you die (or 36% if you leave at least 10% to a charity) – excluding the 'main residence' allowance. 

How does the Help to Buy equity loan scheme work?

The Help to Buy equity loan scheme was launched on 1 April 2013 in a bid to help struggling first-time buyers or people finding it hard to move up the rungs of the property ladder.

First-time buyers AND people looking to move are eligible, but it's only available on new-builds in England and Wales.

For much more information, see our Help to Buy Equity Loans guide.