In this video Technical Connection technical consultant Niki Patel explains the fundamentals of the residence nil rate band (RNRB), also known as the additional threshold, for inheritance tax purposes. 

    She discusses how the RNRB is tapered where the total estate exceeds £2m, as well as the special downsizing provisions. 

    Niki explains which members of the family are classed as direct descendants, and highlights the risk of the RNRB potentially being wasted. 

    She also stresses the need to review clients' existing wills to make sure they are drafted in such a way to make use of the RNRB. 

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