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Tag Archives: residence nil rate band taper

Changes to Inheritance Tax – Does your Will need to be updated?

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Changes to Inheritance Tax – Does your Will need to be updated? On 6 April 2017, the residential nil-rate band (RNRB) came into force.  This new tax allowance could potentially enable couples who own their home to pass up to £1 million to their direct family, free of Inheritance Tax...
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Budget 2016: Inheritance Tax

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With substantial changes planned in the rates paid for Income and Capital Gains Tax, it was unsurprising there were no major new announcements concerning Inheritance Tax (IHT). The Government instead reconfirmed its commitment to the new Residence Nil Rate Band (RNRB) introduced in the summer 2015 Budget: An extra £175,000...
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