Will leaves residue to the three children (A, B and C) of the deceased in equal shares. At the date of death, the family home was occupied by the deceased and A. A has continued to occupy solely thereafter. At the date of death, the testator was the beneficial owner of two-thirds of the family home and A was the beneficial owner of the remaining one-third.
Can Principal Private Residence Relief be claimed in full under s.225 against any uplift in value (over the Probate value) of the two-thirds of the property comprised in the estate or would a DoV be necessary so as to ensure that A has an entitlement to at least 75% of the estate’s interest in the home?