I think I know the answer to this, but would appreciate confirmation.
I am dealing with an estate whereby the deceased’s husband died first and left his wife a life interest in the property. Under the terms of a DoV prepared for his estate, she has the property for her life and, thereafter, to the step-son (not the deceased’s son, but her late husband’s son).
The step-son died first, so the property will now pass to his estate/beneficiaries.
If the step-son was still alive, the estate would benefit from the deceased’s husband’s Residential Nil Rate Band. However, as it now passes to his estate, am I right to say the RNRB does not apply?
Martyn Dixon
Harold Bell & Co