Announced last year, from April 2017 there will be additional Inheritance Tax relief for those passing
residential property down to their children. This will be in addition to the £325,000 Inheritance
Tax relief for each individual. This will be an extra £100,000 in 2017/18 and will increase over the
coming years until it reaches £175,000 in 2020/21. While this is good news for many, the details
are rather complex so it is worth some study. It is called the Residence Nil Rate Band (RNRB). Go to
www.gov.uk/guidance/inheritance-tax-residence-nil-rate-band for more information.