Sentences with phrase «residence nil rate»

This provision is often included to protect assets for the children against divorce, bankruptcy, spend - thriftiness or some sort of disability, but now if the money goes to a Discretionary Trust then the new residence Nil Rate Band can't be used.

In addition to this, since 6th April 2017 estates will be entitled to the residence nil rate band (RNRB) if on death they own a home / share of one which is left to «direct descendants».

Not exact matches

From April 6th people might be able to benefit from an additional tax free allowance when a residence is passed on death to a direct descendant (residence nil - rate band).

This measure introduces an additional nil - rate band when a residence is passed on death to a direct descendant.

The main residence nil - rate band will be transferable where the second spouse or civil partner of a couple dies on or after 6 April 2017 irrespective of when the first of the couple died.