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Author: adminjameszonko

What is the Residence Nil Rate Band (RNRB)?

The Residence Nil Rate Band is an additional Inheritance Tax allowance available where a qualifying residential property is included in the estate and passes to a direct descendant. It can…
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What are the IHT400 Supplementary Schedules?

The IHT400 Inheritance Tax Account is rarely submitted alone. Depending on the circumstances of the estate, it must be accompanied by supplementary schedules providing HMRC with detailed information about specific…
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Who Inherits if There is No Will?

When someone dies without a valid Will, the Rules of Intestacy determine who inherits the estate. These rules apply automatically and follow a strict priority order. The inheritance priority order…
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