Posts Tagged ‘Residential Nil Rate Band’

The Residential Nil Rate Band (RNRB) was originally introduced in April 2017 as an additional Inheritance Tax (IHT) allowance, with the aim of allowing families to pass on up to £1m of their estate without IHT becoming payable. The RNRB allowance has been increasing each April, until reaching its maximum allowance claimable at £175,000 per…