Author: Helena Luckhurst
This article was previously published by Taxation on 26 January 2017.
A special inheritance tax relief, the residential nil-rate band, is fast approaching. John Woolley and Helena Luckhurst consider pitfalls and opportunities.
The inheritance tax residence nil-rate band (RNRB) becomes available from 6 April 2017. Those advising on estate planning or drafting wills will need to be conversant with this new tax relief. Otherwise there will be a risk that the client might not be able to use the allowance with a consequent increase in inheritance tax payable on death.
Helena Luckhurst, Partner, Fladgate LLP (firstname.lastname@example.org)
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