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General overview

Phasing-in RNRB

How the RNRB is applied.

Claims

Introduction

‘Qualifying Residential Interest’ and ‘Residential Property Interests’

The value of the estate ‘E’ and the value transferred on death ‘VT’

‘Closely Inherited’

'Inherited'

Introduction

When is RNRB due?

Terms used: 'residential enhancement'

Terms used: the 'taper threshold'

Terms used: the 'default allowance'

Terms used: the 'adjusted allowance'

Calculating the 'default allowance' and the 'adjusted allowance'

Calculating the value of the QRI that is closely inherited

Dwelling-house

Residence

Residence outside the UK

Inherited

Direct descendants

The brought-forward allowance

The brought-forward allowance: method of calculation

The brought-forward allowance: when and how claims are made

Effect on available RNRB

Effect of tapering

General principles

The property disposed of

The closely inherited property

Qualifying former residential interest (QFRI)

Disposals: qualifying former residential interest: disposal under contract

Disposals: qualifying former residential interest: interest in possession trust

Disposals: qualifying former residential interest: property subject to a reservation of benefit

Overview

Where there is a qualifying residential interest in the estate: conditions

Where there is a qualifying residential interest in the estate: how to calculate the lost relievable amount

Where there is a qualifying residential interest in the estate: calculating the downsizing addition

Where there is no residential property interest in the estate: conditions

Where there is no residential property interest in the estate: how to calculate the lost relievable amount

Where there is no residential property interest in the estate: calculating the downsizing addition

Interaction with the taper threshold

Examples

Estates with conditionally exempt property

Glossary