Inheritance Tax- The Residence Nil Rate Band (RNRB)
Posted in Inheritance Tax, Residential Nil Rate Band (+2 more), on 26.10.17 ReadThe 2015 Summer budget announced the introduction of the residence nil rate band for inheritance tax. This measure introduces an additional nil-rate band when a residence is passed on death to a direct descendant. This is in addition to the standard Inheritance Tax Nil Rate Band (NRB) of £325,000 per person and is designed to give a married couple a combined IHT free amount of £1m on death from 6th April...