We have provided two quick reference guides to explain the Residence Nil Rate Band.
Quick reference guide 1 – Main provisions (overview)
This guide will provide you with the information you require to advise clients on the Residence Nil Rate Band available where property is left on death to descendants.
Quick reference guide 2 – Downsizing provisions
This guide will provide you with the information you require to advise clients on the availability of the Residence Nil Rate Band where property has been sold/given away.