On the 6 April 2015 the residence nil-rate band was introduced. This is an additional threshold for inheritance tax (IHT) planning above the current IHT threshold.
Tax rate
Residence nil-rate band increase
2023/2024
£175,000
2022/2023
£175,000
2021/2022
£175,000
2020/2021
£175,000
2019/2020
£150,000
2018/2019
£125,000
2017/2018
£100,000
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