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Inheritance Tax Act 1984 section 8D
Extra nil-rate band on death if interest in home goes to descendants etc.
Section 8D introduces an additional inheritance tax nil-rate band — the residence nil-rate band — that applies when a person dies on or after 6 April 2017 and their home passes to direct descendants, and sets out how the additional tax-free amount is calculated, including tapering for larger estates.
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