364 Nil rate band will trusts1
The introduction of the transferable unused nil rate band between spouses or civil partners significantly reduced the use of nil rate band trusts, but there are still situations in which their use is attractive. It may, for instance, be said that, as the nil rate band is frozen at £325,000 until 5 April 2026, in any estate involving an asset likely to rise in value during this period, thought should be given to settling that asset on discretionary trusts, as in the following example: