Residence nil-rate band
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 |