Business Property Relief was introduced by the government in 1976. Back then, its main aim was to ensure that after the death of the owner, a family business could survive, without having to be sold or broken up to pay an inheritance tax liability. Since then,...
Residence Nil-Rate Band The residence nil-rate band is in addition to the standard nil-rate band, which is £325,000. The residence nil-rate band is £175,000. These are, however, the maximum amounts available per individual. The residence nil-rate band will be reduced...
