Residential Nil Rate Band

The Residential Nil Rate Band The residential nil rate band (RNRB) appeared a good idea. I overheard a conversation the other day, it went something like: Lady: ‘… you can tell they’re an election soon, there’s plenty of talk of inheritance tax’ Man: ‘of course, they’ve increased it [the allowance] to a million [pounds]’. First,…

Transferable Nil Rate Band

The Transferable Nil Rate Band The transferable nil rate band (NRB) solved a problem. We say phone instead of smartphone, similarly, except in the rare instance it’s not specifically so, the transferability of the NRB is implied. Hence, we hardly hear of the TNRB. The NRB is like a patch that mends a performance or…