How to make the most of Inheritance Tax exemptions
Making the most of Inheritance Tax exemptions There are many exemptions and reliefs from Inheritance Tax. Many people are familiar with the nil-rate band (NRB) of £325,000 and the residence nil-rate band (RNRB) of up to £175,000. However, there are a number of Inheritance Tax (IHT) exemptions and reliefs that can significantly reduce or eliminate…