- Finance Bill 2019—IHT residence nil rate band
- What is the background to these ‘minor technical amendments’ to the RNRB? What prompted the changes?
- What is the current threshold for the RNRB?
- What do the measures do in terms of changing the operation of the RNRB?
- Who will be affected by these changes? What will the practical implications be?
- Any further comments on the operation of the RNRB and how the rules operate?
Private Client analysis: The Finance (No 3) Bill 2017-19, known as ‘Finance Bill 2019’ (FB 2019) is introducing ‘minor’ amendments to the inheritance tax (IHT) residence nil rate band (RNRB). Jonathan Shankland, partner and head of international private wealth at RadcliffesLeBrasseur, discusses the background to these changes and their impact for practitioners.
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