IHTM46000 - Residence nil rate band: contents

Introduction

1. IHTM46001

   General overview
2. IHTM46002

   Phasing-in RNRB
3. IHTM46003

   How the RNRB is applied.
4. IHTM46004

   Claims

Basic definitions

1. IHTM46010

   Introduction
2. IHTM46011

   ‘Qualifying Residential Interest’ and ‘Residential Property Interests’
3. IHTM46012

   The value of the estate ‘E’ and the value transferred on death ‘VT’
4. IHTM46013

   ‘Closely Inherited’
5. IHTM46014

   'Inherited'

Calculating the RNRB

1. IHTM46020

   Introduction
2. IHTM46021

   When is RNRB due?
3. IHTM46022

   Terms used: 'residential enhancement'
4. IHTM46023

   Terms used: the 'taper threshold'
5. IHTM46024

   Terms used: the 'default allowance'
6. IHTM46025

   Terms used: the 'adjusted allowance'
7. IHTM46026

   Calculating the 'default allowance' and the 'adjusted allowance'
8. IHTM46027

   Calculating the value of the QRI that is closely inherited

More detailed guidance

1. IHTM46030

   Dwelling-house
2. IHTM46031

   Residence
3. IHTM46032

   Residence outside the UK
4. IHTM46033

   Inherited
5. IHTM46034

   Direct descendants

Transfer of unused RNRB

1. IHTM46040

   The brought-forward allowance
2. IHTM46041

   The brought-forward allowance: method of calculation
3. IHTM46042

   The brought-forward allowance: when and how claims are made
4. IHTM46043

   Effect on available RNRB
5. IHTM46044

   Effect of tapering

Downsizing

1. IHTM46050

   General principles
2. IHTM46051

   The property disposed of
3. IHTM46052

   The closely inherited property
4. IHTM46053

   Qualifying former residential interest (QFRI)
5. IHTM46054

   Disposals: qualifying former residential interest: disposal under contract
6. IHTM46055

   Disposals: qualifying former residential interest: interest in possession trust
7. IHTM46056

   Disposals: qualifying former residential interest: property subject to a reservation of benefit

Downsizing calculations

1. IHTM46060

   Overview
2. IHTM46061

   Where there is a qualifying residential interest in the estate: conditions
3. IHTM46062

   Where there is a qualifying residential interest in the estate: how to calculate the lost relievable amount
4. IHTM46063

   Where there is a qualifying residential interest in the estate: calculating the downsizing addition
5. IHTM46064

   Where there is no residential property interest in the estate: conditions
6. IHTM46065

   Where there is no residential property interest in the estate: how to calculate the lost relievable amount
7. IHTM46066

   Where there is no residential property interest in the estate: calculating the downsizing addition
8. IHTM46067

   Interaction with the taper threshold

Applying RNRB to the estate

1. IHTM46070

   Examples

Estates with conditionally exempt property

1. IHTM46080

   Estates with conditionally exempt property

Glossary

1. IHTM46100

   Glossary