Telephone: 07786 626979 

Changes to Inheritance Tax – the new Residential Nil Rate Band

Changes to Inheritance Tax – the new Residential Nil Rate Band

The New Residential Nil Rate Band for Inheritance Tax – a Quick Guide David Cameron pledged to raise the inheritance tax threshold to £1 million before the 2010 election. This promise will be delivered by the introduction of the residence nil-rate band (RNRB) which comes into effect in April 2017.  It is a complicated measure with a restricted scope. What is the RNRB? At present, every individual has a nil-rate band, (NRB) of £325,000 for...

Read More