HMRC have published a technical note covering the proposals, announced in the Summer Budget 2015, to phase in a new residence nil-rate band (RNRB) from 6 April 2017 when a residence is passed on death to a direct descendant. The proposed rate bands are: £100,000 in 2017-18 £125,000 in 2018-19 £150,000 in 2019-20 £175,000 in […]