My clients are married and husband is terminal. Their combined estates are currently over £2mil.
They are minded to give their main residence away (valued £800k) to their sons and pay a market rent to them so as not to be caught by the GWR rules.
Will they be able to claim the RNRB and TRNRB via the downsizing addition?
It is proposed that husband gifts wife his half share in the property first before wife gifts property to sons, given husband is likely to die within the next 7 years.
Thoughts greatly appreciated. Thank you.