All you need to know about Inheritance tax residence nil rate band
27/06/2017
by Angie Newnham
in Wills and Power of Attorney
What is the residence nil rate band? When a person dies, inheritance tax(IHT) is being charged on their death. The inheritance tax rate is 40% based on the value of his/her assets. This 40% rate is only charged on any value above the nil rate band. The nil rate band (£325,000 […]