Residence Nil-Rate Band

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August 31, 2024 4 min read Definitions
Residence Nil-Rate Band (RNRB): Additional Allowance on Passing a Residence to Direct Descendants
Finance Taxes Real Estate Residence Nil-Rate Band Inheritance Tax Estate Planning Tax Allowances UK Taxation
The Residence Nil-Rate Band (RNRB) is an additional inheritance tax allowance in the UK that applies when a residence is passed to direct descendants. This allowance helps in reducing the overall inheritance tax payable.
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