Reply To: IHT allowances and ring-fencing

#155851
mariiamdelgar
Participant

No, the two allowances are not fully ring-fenced, but the residence nil-rate band can only apply to a qualifying property passed to direct descendants, while the standard nil-rate band applies to the rest of the estate; they cannot be freely combined beyond their specific rules.

Scroll to Top

Please register to join our discussion forum.

Already registered? Login here.