Residence Nil-Rate Band

When you sell your family home, downsize to a cheaper property, or give your home away before you die, you don't automatically lose the valuable residence nil-rate band (RNRB) for inheritance tax purposes. Special "downsizing relief" rules mean your estate may still be able to claim some or all of...

5 min read

When someone dies leaving a property to their children or other direct descendants, their estate may qualify for an extra Inheritance Tax allowance called the residence nil-rate band (RNRB). This guide explains how to claim this allowance when you're administering an estate, including which forms...

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When a spouse or civil partner dies, any residence nil-rate band they didn't use can be transferred to the surviving partner's estate, potentially doubling the tax-free allowance available when the survivor later passes away. This transfer is available even if the first partner died before the...

4 min read

When you die and leave your home to your children or grandchildren, your estate may qualify for an extra Inheritance Tax allowance on top of the standard threshold. This additional allowance is called the residence nil-rate band (RNRB), and it can significantly reduce or even eliminate the...

6 min read