Making use of the transferable residence nil rate band
There are two nil rates bands for inheritance tax – the nil rate band of £325,000 and the Residence Nil Rate Band, set at £175,000
There are two nil rates bands for inheritance tax – the nil rate band of £325,000 and the Residence Nil Rate Band, set at £175,000
Inheritance tax is normally payable by the end of the sixth month following that is which the person died. So, for example, if someone died