Get Claim For Residence Nil Rate Band (rnrb)

This guide provides clear and comprehensive instructions on completing the Claim For Residence Nil Rate Band (RNRB) form online. By following these steps, users can submit their claims confidently, ensuring all necessary information is accurately provided.

Follow the steps to fill out the Claim For Residence Nil Rate Band (RNRB) form online

1. Press the ‘Get Form’ button to obtain the Claim For Residence Nil Rate Band (RNRB) form and open it in your preferred online editor.
2. Begin by entering the deceased's surname and first name(s) along with the date of death (formatted as DD MM YYYY). Ensure that this information is accurate to avoid any discrepancies.
3. Locate the section on whether any part of the estate passes to the deceased's children or direct descendants. Answer 'Yes' or 'No' accordingly. If you select 'No', you are not eligible to claim RNRB.
4. Provide the total value of the estate before deductions. This should include relevant values from other inheritance tax forms (IHT400, IHT403, etc.).
5. Next, indicate the amount of the total chargeable estate on death, as specified in the relevant IHT400 box.
6. State whether the estate includes any residential properties the deceased owned and lived in. Again, answer 'Yes' or 'No' accordingly.
7. If 'Yes', fill in the address of the residence and its postcode. Ensure this information is accurate to confirm eligibility.
8. Provide the value of the residence at the date of death. Be sure to include any relevant deductions.
9. Indicate what percentage of the residence passes to direct descendants following the deceased's death.
10. List the names of the direct descendants inheriting the residence and their relationships to the deceased.
11. Complete any sections pertaining to exemptions or reliefs applicable to the residence. Answer 'Yes' or 'No' based on whether any part qualifies.
12. If applicable, provide details regarding any transferable residence nil rate band from the estate of a pre-deceased partner.
13. If claiming downsizing allowance, provide details concerning the disposed property and assets passing to descendants. Include relevant dates and values.
14. Complete any remaining sections regarding other assets, ensuring all information is provided accurately. This may include values and relationships.
15. As the final step, review all entries for accuracy. Once satisfied, you can save changes, download, print, or share the completed form as needed.

Complete your Claim For Residence Nil Rate Band (RNRB) form online today to ensure your eligibility is appropriately assessed.