This article sets out the basic principles of the main residence nil rate band, otherwise known as the 'family home allowance'. The allowance is set to be phased in from 6th April 2017.

As the article explains, your family home does not necessarily need to be specifically referred to in your Will for your estate to qualify for the allowance. However, the new legislation is a useful reminder that you should review your Will every 5-7 years to ensure that no changes are required.