Tag Archives: Nil rate band

The inheritance tax (IHT) allowance (or ‘nil rate band’) (£325,000 for 2022/23) is generally available to individuals. For married couples (and civil partnerships), the transferable nil rate band (TNRB) rules broadly allow claims for unused nil rate band of a deceased spouse (or civil partner) to be transferred to the survivor. The survivor’s nil rate… Read More »

It is said that inheritance tax (IHT) is the UK’s most hated tax. Nevertheless, the transferable nil rate band (TNRB) is a welcome facility for married couples or civil partners (nb references to spouses in this article include civil partners). The TNRB provisions (IHTA 1984, ss 8A-8C) broadly allow claims for all or part of… Read More »