12th June 2019
What is the transferable nil rate band in Inheritance Tax and how can you claim it?
When someone dies, the first £325,000 of their estate is exempt from Inheritance Tax (IHT). If they don’t use all of this allowance, it can be transferred to their spouse’s or civil partner’s estate in due course. This is known as the transferable nil rate band. This increases the exempt amount for the partner’s estate […]Read More