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Jun 2017
Residential Nil Rate Band: what is it?
The Residential Nil Rate Band, or RNRB for short, came into effect for deaths occurring from the 6th April 2017 and is an additional allowance for Inheritance Tax (IHT) for property. When a person dies the first £325,000 of their estate (or £650,000 for married couples) is tax free; anything else on top of this…