Making Use of the Inheritance Tax Residence Nil Rate Band [Video]

Introduced in 2017, the Residence Nil Rate Band (RNRB) is an amount additional to the Nil Rate Band (NRB) that could be passed on tax-free against the value of the family home. The RNRB could save you tens of thousands of pounds worth of inheritance tax but the rules aren’t that simple.

Richard Higgs explains what you need to know in this brief video.

Estate Planning, Estates, Inheritance TaxAmy Wood28 September 2022residence nil-rate band, inheritance tax, estate planning