Understanding the residence nil rate band and downsizing provisions

This webinar provides a practical walkthrough of the Residence Nil Rate Band (RNRB), focusing on how it applies to estates in practice. Through case studies, it places particular emphasis on the downsizing provisions and scenarios where the deceased sold their property shortly before death, equipping participants to confidently guide bereaved families through the RNRB rules and to consider appropriate estate planning options with clients.

Topics covered include:

• An overview of the Residence Nil Rate Band (RNRB) including eligibility criteria considering how the deceased’s will is drafted
• A review of current limits and thresholds and interaction with the standard nil rate band
• Valuing the estate for these purposes and a look at the impact of the impending changes to BPR and APR on the residence nil rate band with planning tips
• An introduction to the rules on downsizing including a review of qualifying former residences and a case study to run through how to do these calculations and advising clients when they are considering downsizing