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Nil rate band and spouse exemption

This topic has 1 reply, 2 voices, and was last updated 6 months ago by JillyB.

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May 13, 2024 at 2:39 am #705308
ilham9089
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Will the NRB/RNRB be used up by any exempt estate left to spouse on death? And what about lifetime transfers to spouse. That’s exempt from IHT but will that also use the NRB?
May 14, 2024 at 5:52 pm #705382
JillyB
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If the asset is exempt then it is taken out of the estate BEFORE the NRB is taken into account.
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