Brand Bitesize: Residence Nil Rate Band (RNRB)
Watch this short, informative video designed to help you prepare for your CII exam. This one is all about Residence Nil Rate Band – perfect for your CII R03 or AF1 exam revision.
This video is correct as at 23 January 2025.
Residence Nil Rate Band (RNRB)
Revising for CII R03 financial services exam? This Brand Bitesize video covers the Inheritance Tax Residence Nil Rate Band and how it transfers between spouses and civil partners. If someone dies with an estate worth more than the basic Inheritance Tax threshold of £325,000, their estate may qualify for an RNRB of up to £175,000 if they bequeath an eligible property, usually their home, to a direct descendant. This is a key concept you will need to understand before you take your R03 or AF1 exams, it’s also useful for R01 and R05.
Grab the resources you need!
If you’re studying for your CII R03 exam, and you’re aiming for a comfortable pass, you need to get all the practice you can. Grab our free taster to try out one of Brand Financial Training’s resources for yourself. Click the link to download the R03 calculation workbook taster now!
Alternatively, you can try the taster for AF1 if you’re studying for that exam.
