Residential Nil Rate Band – What Is It?

2023-11-06T23:42:14+00:00|

From 6 April 2017, the Residential Nil Rate Band (RNRB) became available for residences inherited by direct descendants (see below) in addition to the existing Nil-Rate Band (NRB) which is currently £325,000. From 2017/18 the RNRB was phased in, starting at £100,000, and increasing by £25,000 each year until 2020/21 when it reached the [...]

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What Is The Inheritance Tax Threshold

2019-04-25T15:10:50+01:00|

The current inheritance tax (IHT) threshold is £325,000 per person. It doubles to £650,000 for a married couple-as long as the first person to die leaves their entire estate to their partner.

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How To Avoid Inheritance Tax

2021-02-21T11:04:59+00:00|

There are effective and legitimate ways to mitigate against the impact of Inheritance Tax. But some of the most valuable exemptions must be used seven years before your death to be fully effective, so it makes sense to consider ways to plan for Inheritance Tax sooner rather than later. Read Article [...]

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