Q&As

If a settlor places a property worth between £900,000 and £1m into an inter vivos discretionary trust, will they lose their residence nil rate band on death?

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Published on: 19 February 2018
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The residence nil rate band (RNRB) was introduced in the Finance Act 2015 with amendments added by the Finance Act 2016. The legislation can now be found in the Inheritance Tax Act 1984.

For background information, see Practice Note: IHT—residence nil rate band.

A key feature of the RNRB is that

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United Kingdom
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