Would it be possible to preserve the RNRB for clients who wish to gift their Estate to their children contingent upon them attaining X age by disapplying s31 Trustee Act 1925 and effectively providing the children with a right to income and benefit of the property (either as rental income, income from sale proceeds or living in it) but delaying the vesting of capital until attaining X age.
My understanding is that the above would constitute a Qualifying Interest in Possession which would come to an end upon attaining the specified age. As the child has an immediate beneficial interest in the property (despite not vesting in them) my thoughts are that this could preserve the RNRB.
This would only work (if at all) for beneficiaries over 18 but below the required age.
I would greatly appreciate input.