Residence Nil Rate Band (RNRB)
The Residence Nil Rate Band (RNRB) refers to Finance (No.2) Bill 2015 where an extra Residence Nil Rate amount will be introduced for deaths on or after 6th April 2017. This is an addition to the Nil Rate Band (NRB). An estate will be entitled to the additional RNRB if the: Individual owns a home, … Continued