Residence Nil Rate Band. What is it?

Residence Nil Rate Band (RNRB) is an allowance for people who pass on their property to their children, grandchildren or using the legal term “lineal descendants”. It’s an allowance that can be used to reduce your Inheritance Tax (IHT) burden. At the moment the RNRB allowance stands at £125,000 per person increasing by £25,000 each [...]

2019-02-18T13:07:08+00:00 March 4th, 2019|News|