Residence Nirat Band

Residence nirat band was brought in a few years ago because the government realized that people had built up wealth through their property. The clock would start seven years befoe your death, and any gifts would start to use that out. So everybody knows thet 70 o'clock. We've talked about that e if you make a gift and die within seven years, that gift would use up your nill rate band. But cruclly, thisappoints on the residence. Now, rat band. I will cover that in the next episode.