Part 2: Inheritance Tax Section 9: Increased nil-rate band on death where home inherited by descendants etc. Details of the section Section 8H: Meaning of "qualifying residential interest"
New section 8H defines the qualifying residential interest.
	Subsection (1) explains the purpose of this section.
	Subsection (2) explains that the "residential property interest" has to be an interest in a residential property which has been lived in as the person's residence when they owned it and which would have been part of their estate.
	Subsection (3) states that where a person's estate includes only one residence which meets the conditions in subsection (2), that residence will be the qualifying residence.
	Subsection (4) provides that where a person's estate includes more than one residence which meets the conditions in subsection (2), and the personal representatives nominate one of them, that residence is to be treated as the qualifying residence.
	Subsection (5) clarifies that a residence includes land which is occupied and used as its garden or grounds.
	Subsections (6) and (7) apply if a person lives in job-related accommodation and owns a house in which they intend to live in due course. That house is to be treated as a qualifying residence.