Changes to Residence nil-rate band for 2019/20

Residence nil-rate band for 2019/20

 While the main inheritance tax threshold remains unchanged at £325,000 for 2019/20, the residence nil-rate band is increasing from £125,000 to £150,000. This means that a property can potentially be passed to family members saving on death duties. 

 

You may be able to pass on the family home worth up to £475,000 - £950,000 if you are married or in a civil partnership - in 2019/20 without your estate being liable for inheritance tax.