nil-rate
adjective[before noun]
TAXukusused todescribealevelofincomeon which there is notaxtopay:
Couples can takeadvantageof thenil-ratetaxbandtopasson £325,000 withoutpayinginheritancetax.
Examplesofnil-rate
nil-rate
They have anil-rateliability.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
If thenil-rateband is withdrawn in the future, can we have an assurance that the current provisions in relation to the non-corporate distribution rate will also be withdrawn?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
If the surviving spouse died in a later year when thenil-rateband had reached 350,000, the first 560,000 (160% of 350,000) of the estate would be tax exempt.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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