Residence nil-rate band (Rate)

On the 6 April 2017 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
2024/2025 £175,000
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