I have an estate where husband and wife have both died in the current tax year (18/19). The total value of the estate is £1.2M, of which £1M is the family home. The will of the survivor leaves the residue as to 80% to the children and
20% to charities. There is no specific gift of the house.
Having put this information into HMRC’s online calculator of the additional threshold it is seemingly saying that two full RNRBs (i.e. £250,000) are available whereas I had expected a pro-rata reduction of the two RNRBs in accordance with
the general principle that the RNRB is only intended to benefit direct descendants.
Can anyone confirm exactly how much RNRB is available here and why?