Sentences with phrase «unused nil rate»

I reported in April how Yorkshire law firm Denison Till used new legislation to help clients avoid a # 30,000 inheritance tax bill by transferring the unused nil rate band of the deceased's husband, an RAF officer who died in action in 1943.

Trust and probate specialist John Goodrich used new legislation to transfer the unused nil rate tax band of the lady's husband, an RAF officer who died in action in 1943 — more than 65 years before his wife.

Not exact matches

Any unused nil - rate band will be able to be transferred to a surviving spouse or civil partner.

A claim will have to be made on the death of a person's surviving spouse or civil partner to transfer any unused proportion of the additional nil - rate band unused by the person on their death, in the same way that the existing nil - rate band can be transferred.

Later, when the surviving spouse or civil partner dies, inheritance tax kicks in only when the value of their estate exceeds their own nil - rate band and the partner's unused nil - rate band.