Where a settlors are a married couple that transfers main residence property to a trust which they give themselves a right to reside and right to income but then to discretionary beneficiaries can you clarify the following :-
Firstly is this a GROB and is retained in their estates on death ?
On first death is spousal exemption available for the first deceased share of the property as a GROB ?
I believe we lose RNRB fully ?
Conversely, say the property was above NRB on transfer to the trust and triggered a CLT charge if this is not paid how is there double taxation relief on death and if so can you direct me to reading and clarification on this ?
Thanks