An amount of a chargeable transfer of value on death on which inheritance tax (IHT) is charged at 0% (that is, on which there is no IHT to pay). It can be claimed where the deceased dies on or after 6 April 2017 and disposed of his interest in a residence to a lineal descendant (for example, a child or grandchild).

The RNRB is applied before the nil rate band and transferable nil rate band.

For more information on the RNRB, see Practice note, Inheritance tax residence nil rate band and Flowchart, Inheritance tax residence nil rate band.