Couples can save an extra £20k in inheritance tax from April

Couples can save an extra £20k in inheritance tax from April

Couples could now save an extra £20,000 of inheritance tax (IHT), as the residence nil rate band (RNRB) increased in April 2018. The RNRB was increased at the beginning of this new tax year and it will increase by £25,000 in each of the next two tax years, finally reaching £175,000 in 2020/21. After that, it will be indexed to the Consumer Price Index…