RNRB tapering
You'll learn how the residence nil rate band (RNRB) is tapered when an estate exceeds £2 million, a key advanced inheritance tax concept for ATX.
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In this lesson
- 0:00 Advanced IHT aspects and revision overview
- 0:24 Residence nil rate band explained
- 1:10 RNRB tapering when estate exceeds £2 million
- 1:48 Calculating RNRB with worked example
About this lesson
This lesson covers the conditions for RNRB availability, the tapering calculation (£1 reduction for every £2 above £2 million), and worked through a practical example showing how to calculate the available band. Understanding RNRB tapering is essential for accurately calculating IHT liabilities in death estates and is a common exam focus for Strategic Business Leader and Advanced Taxation candidates.
Duration: 3m
Transcript
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