Property relief and its effect on inheritance tax for family homes

https://alpha-wiki.win/index.php/Property_relief_and_its_effect_on_inheritance_tax_for_family_homes

Property relief can significantly lower the inheritance tax bill on a family home, especially if you pass it to your children or grandchildren. The Residence Nil Rate Band allows an additional tax-free allowance, which may reduce or even eliminate the tax due. For many families, this means the home stays in the family without a heavy tax burden.