Budget 25: IHT nil rate bands frozen until 2031

The Budget 2025 document has stated that both the main nil rate band (NRB) and residence nil rate band (RNRB) will stay fixed at these levels for a further 12 months until April 2031. In the Autumn Budget last year, chancellor Rachel Reeves confirmed that the threshold would be frozen for another two years until 2030. This has been extended to 2031. A frozen threshold since 2009 IHT's main NRB threshold has been frozen at £325,000 since 2009, which experts say is a key factor driving up inheritance tax (IHT) receipts for the Treasury as more fall into the net. The current RNRB stand...