16 January 2017 #Private Client
This is the most significant change made by the Government to the rules on Inheritance Tax since the introduction of the Transferable Nil Rate Band back in 2007. With careful planning, the RNRB can potentially reduce your inheritance tax liability by £80,000 from April 2017 rising to £140,000 from April 2020.
To find out whether or not you are eligible for this valuable relief and what steps you may need to take to qualify please feel free to contact a solicitor on our private client team by completing the form on this page or by calling us on 0118 958 5321 and asking for private client dept. quoting nil rate band.