A deep dive into the Residence Nil Rate Band

This webinar is for professional advisers and paraplanners only. Not to be relied upon by retail clients.

This on demand webinar was recorded on 10 December 2024. All information will have been correct at the time, but some statistics and deadlines may now be out of date.

You can still submit questions, but these won't be answered in the Q&A. Instead a member of our team will get in touch with an answer.

The Residence Nil Rate Band (RNRB), introduced in April 2017, is an additional allowance when calculating inheritance tax. Many find that these rules can be complex. How does it work if you’ve been married more than once, what happens if a client downsized and no longer owns a home, and how does it interact with trusts?

For those in learning more, we hosted a deep dive into this topic, with our in-house tax product expert, Toyin Oyeneyin.

This webinar covered:

• A brief overview of the inheritance tax changes in the Budget
• The RNRB rules
• Business Relief and RNRB client planning
• RNRB in various scenarios, including:
  - Transferrable RNRB
  - Downsizing
  - Spouses and asset ownership and transfers
  - Claiming the RNRB

Key risks to bear in mind:

• The value of an investment, and any income from it, can fall as well as rise. Investors may not get back the full amount they invest.
• Tax treatment depends on individual circumstances and tax rules could change in the future.
• Tax relief depends on portfolio companies maintaining their qualifying status.
• The shares of smaller and unquoted companies could fall or rise in value more than other shares listed on the main market of the London Stock Exchange. They may also be harder to sell.

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