The Residence Nil Rate Band - Part 1

The Residence Nil Rate Band By Michael Roberts – 18th October 2017 It was the Conservative government’s long held intention to raise the Inheritance Tax threshold to £1m. During the time of the coalition with the Liberals, this was not achievable however the Tories have, finally, just about achieved this policy objective with the introduction of the Residence Nil Rate Band on 6th April 2017. In this first article of a two part exploration of the Residence Nil Rate Band (RNRB), I shall explain more about how this new measure is being introduced, and the basic qualifying criteria. As legislation often dictates, however, the RNRB is not as straightforward as it might be, therefore in part two I

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