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Apologies if this hypothetical question has already been answered in a previous thread.
If a surviving spouse (with children) sells his or her house, moves into an elderly persons home and a few months later passes away, has the estate lost the current additional £175K nil rate tax band for property? Assuming the estate is under £2m and the children are the beneficiaries.
If a surviving spouse (with children) sells his or her house, moves into an elderly persons home and a few months later passes away, has the estate lost the current additional £175K nil rate tax band for property? Assuming the estate is under £2m and the children are the beneficiaries.
