967. Residence nil rate amount.

From 6 April 2017 an additional 'residence nil rate amount' applies where an individual's estate includes an interest in residential property, which is then inherited by one or more direct descendants, namely the individual's child, step-child or foster-child or their lineal descendants1. As with the main nil rate band, the residence nil rate amount unused on the death of the first spouse can be used on the death of the second spouse