Lilly Whale: Residence nil-rate band 'nuances' explained

Direct descendants

clock • 5 min read
Lilly Whale: "The biggest criticism of the RNRB is that it limits the pool of relatives who could quite usefully benefit from an otherwise generous threshold."
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Lilly Whale: "The biggest criticism of the RNRB is that it limits the pool of relatives who could quite usefully benefit from an otherwise generous threshold."

Lilly Whale explores the intricacies and nuances of the residence nil-rate band in her latest IHT-focused article for Professional Adviser

The residence nil rate band (RNRB) was introduced in April 2017 as an additional tax-free threshold to reduce the size of an estate and therefore the inheritance tax payable on death. Although many...

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