The percentage of transferred RNRB is limited to 100%. This means that if an individual has had more than one spouse or civil partner and they make a claim to transfer the unused RNRB from each one, the total transferred RNRB cannot be more than 100% of the maximum available amount.

Can nil rate band be transferred?

It's possible to transfer any unused percentage of the inheritance tax nil rate band from a deceased spouse or civil partner to the surviving spouse or civil partner. ... A formal claim process is in place when the surviving spouse dies and not when the first spouse dies.

How does the transferable nil rate band work?

When someone dies, a certain amount of their Estate (everything they owned) can be passed on tax free. If they do not use this allowance then this can be transferred to their spouse or civil partner when they die. This is called the transferable nil rate band.