Webinar: RNRB Part 2 – lifetime transfers

A detailed look at the residence nil rate band

October 2020

Barry Foster

Vice President, Strategic & Technical Sales

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PART OF 180 MINS STRUCTURED CPD

55 MIN WATCH

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Risk Disclaimer

This content is directed only to persons having professional experience in matters relating to personal investment (investment professionals) and should not be distributed to anybody else.  It has been prepared for general information purposes only.  It does not constitute advice (whether investment, legal, regulatory, tax or otherwise) provided by BMO Global Asset Management (EMEA) (BMO).  Certain content in this document is based on our own reading of legislation, regulation, or guidance issued by a government or regulatory authority, as at September 2020, which is subject to ongoing change.  Tax treatment is based upon individual circumstances. BMO gives no warranty or representation, whether express or implied, that such content is up to date, complete, or accurate.   

Investment professionals in receipt of this document should not rely on any of its content.  They remain solely responsible for advising their underlying clients in accordance with their own legal and/or regulatory obligations and for taking their own independent advice as they determine is necessary. 

To the extent lawful, BMO excludes all responsibility and associated liability for any loss or damage suffered by any recipient of this document who chooses to rely on its content, whether occurring in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable.

Key takeaways:

  • Understand the rules and impact of the Residence Nil Rate Band
  • Discuss and explain this subject with a client in a clear and concise way
  • Apply this knowledge to appropriate, individual, client scenarios

Watch this webinar where Barry Foster takes a detailed look at the residence nil rate band using examples and case studies throughout. In Part 2 Barry considers the downsizing provisions of the residence nil rate band legislation using examples and a case study. He also looks at how the gift of the qualifying residence in lifetime impacts upon the availability of the RNRB and how the RNRB is applied to the estate at death.

Webinar RNRB Part 2 lifetime transfers

Risk Disclaimer

This content is directed only to persons having professional experience in matters relating to personal investment (investment professionals) and should not be distributed to anybody else.  It has been prepared for general information purposes only.  It does not constitute advice (whether investment, legal, regulatory, tax or otherwise) provided by BMO Global Asset Management (EMEA) (BMO).  Certain content in this document is based on our own reading of legislation, regulation, or guidance issued by a government or regulatory authority, as at September 2020, which is subject to ongoing change.  Tax treatment is based upon individual circumstances. BMO gives no warranty or representation, whether express or implied, that such content is up to date, complete, or accurate.   

Investment professionals in receipt of this document should not rely on any of its content.  They remain solely responsible for advising their underlying clients in accordance with their own legal and/or regulatory obligations and for taking their own independent advice as they determine is necessary. 

To the extent lawful, BMO excludes all responsibility and associated liability for any loss or damage suffered by any recipient of this document who chooses to rely on its content, whether occurring in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable.

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A detailed look at the residence nil rate band
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A detailed look at the residence nil rate band
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