In this Chartered Insurance Institute (CII) accredited CPD course, we look at the features and benefits of the Inheritance Tax (IHT) Residence Nil- Rate Band (NRB). The course considers the interactions between the Residence NRB and Trusts, as well as outlining the key calculations for estimating a client’s residence NRB.

Learning outcomes

To understand:

• The main features and benefits of the IHT residence NRB and its interaction with the standard NRB.
• The main factors to be aware of when estimating a client’s potential residence NRB.
• Residence NRB considerations when clients use will trusts or occupy their homes as trust beneficiaries.