Hi
(Simplified from previous post...)
In this scenario is any Residence Nil Rate Band applicable?
Married couple...Dad passed away in 1997, main (only) residence transferred to Mum.
(Mum moved into care home in 2010).
Residence sold in 2014 for 500k
Mum recently passed away on 9/4/2020 (tax year 20/21)
Was hoping that some level of RNRB would apply, but not convinced either way from what I can see online....
Any help or thoughts appreciated.
Thanks.
(Simplified from previous post...)
In this scenario is any Residence Nil Rate Band applicable?
Married couple...Dad passed away in 1997, main (only) residence transferred to Mum.
(Mum moved into care home in 2010).
Residence sold in 2014 for 500k
Mum recently passed away on 9/4/2020 (tax year 20/21)
Was hoping that some level of RNRB would apply, but not convinced either way from what I can see online....
Any help or thoughts appreciated.
Thanks.