Inheritance Tax and the Residence Nil Rate Band

By using some practical examples the session will cover the following:

• The IHT allowances usually available to an estate
• The IHT exemptions available (briefly)
• How the RNRB is applied
• The rates of RNRB and how the allowance is tapered for estates worth over £2m
• The downsizing rules
• Transfer of unused allowance between married couples/civil partners
• Remedies that can be utilised if RNRB is not available
• Traps in Will drafting
• How lifetime gifts effect availability of RNRB

• To understand the RNRB and how it is applied
• To understand who is able to utilise the RNRB
• The benefits and pitfalls of the RNRB

9:00 – 10:30 pm Breakfast rolls and refreshments will be served at 9 am with the session starting at 9.30 for an hour.

Belgrave Rooms, 25 Goldsmith Street, Nottingham NG1 5LB https://www.belgraverooms.co.uk/index.php/location

There are a limited number of free car parking spaces available at the venue. Access to the car park is via Chaucer Street and is on your right under a brick arch after the QPark entrance. Please buzz for the barrier to be lifted stating that you are attending a Nottingham Insurance Institute event.

As your local Institute Council, we put a lot of time and effort into arranging a full and varied calendar of CPD events throughout the year to help you, and other members of the Nottingham Institute, to keep up to date and to fulfil your CPD obligations. We also spend money on venues and providing catering. It is disappointing, therefore, when members fail to attend without notice as it potentially deprives another member the opportunity of attending.

In addition, many of the speakers at our CPD events provide their valuable time and expertise on an entirely voluntary basis. Many travel to come and speak to you, our members. We want to avoid situations where members fail to turn up and our speakers finding themselves speaking to empty seats.

If you book on to any event and you find you are unable to attend, we would ask that you kindly let us know in advance so that we can ensure other members do not miss out.

If you have any special requirements, be these of a dietary, disability or religious nature, please respond to your booking confirmation email with the details.