Director Suzannah Farnell has written an article for Taxation, exploring the new nil rate band for inheritance tax.

The introduction of the new inheritance tax nil-rate band for main residences.

“When the summer Finance Bill was unveiled by the newly elected government, one of the main headline-grabbers was the seeming introduction of a £1m nil-rate band for inheritance tax. Setting aside the details and complexities of the new rules (and when a measure adds an additional 10 pages to a Finance Bill it’s safe to assume that the details are, indeed, fairly complex), it’s worth taking a moment to ponder the political significance of any action on inheritance tax…”

Read the full article here.