Day: 10 July 2024
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The Main Residence Nil-Rate Band in Estate Planning
Inheritance Tax (IHT) is a significant concern for many, especially when it comes to family homes. To alleviate some of this burden, the Main Residence Nil-Rate Band (RNRB) was introduced on 6 April 2017, providing valuable relief to individuals passing their home to direct descendants. (Read Time: Approx. 7 minutes) Topics Discussed: Introduction to the…