I have the following clause in a Will:
'5. Specific Gift. I give the following bequests equal to the maximum amount which can be given without inheritance tax becoming payable:
40 % to child A;
40% to child B;and
20% to grandchild.’
This is a second death gift and full TNRB and TRNRB is available as well as the Testator’s NRB and RNRB. Will this gift be £1million or just the nrb amounts of £650,000?