An overview of RNRB related matters which private client practitioners need to be aware of
Ideal for private client practitioners interested the various forms of relief available, where inheritance tax in concerned, this 30-minute session will consider:
• The unused nil rate band - how it is used and the benefits
• The residence nil rate band (RNRB) - its use, limitations and effect in practice
• Who qualifies as a direct descendant?
In addition, lecturer Safda Mahmood will explore how clients can take advantage of the previous years unused relief and what is meant by the ‘resident home’.
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