Introduced in 2017, the Residence Nil Rate Band (RNRB) is an amount additional to the Nil Rate Band (NRB) that could be passed on tax-free against the value of the family home.

The RNRB could save you tens of thousands of pounds worth ofinheritance tax but the rules aren’t that simple. Richard Higgs explains what you need to know.

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If you would like a relaxed chat about your potential inheritance tax position please don't hesitate to give us a call on 0117 3636 212 or email office@haroldstephens.co.uk. #inheritancetax #residencenilrateband