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17. The arrival of the £1 million inheritance tax free allowance. Well almost!
Last tax year heralded the introduction of the new Residence Nil Rate Band, the RNRB, which is an extra Inheritance Tax free allowance of £125,000 per person in addition to the existing IHT free allowance known as the Nil Rate Band, NRB, of £325,000 per individual...
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By Tony ByrneLast tax year heralded the introduction of the new Residence Nil Rate Band, the RNRB, which is an extra Inheritance Tax free allowance of £125,000 per person in addition to the existing IHT free allowance known as the Nil Rate Band, NRB, of £325,000 per individual...