Nil rate band (NRB)

The amount of a chargeable transfer (www.practicallaw.com/9-382-5589) on which inheritance tax (www.practicallaw.com/3-382-5648) (IHT) is charged at 0% (that is, on which there is no IHT to pay).

The government no longer proposes to introduce a separate settlement nil rate band (www.practicallaw.com/7-574-5949) in the Finance Bill 2015.

For more information, see Practice notes:

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