Good morning all
I’m dealing with the estate of second spouse. The spouses died 6 months apart. No grant was obtained for H. I’m dealing with Ws estate.
The main asset of the estate is 10% in a farming partnership. H also had 10% of the partnership which he left to his children in his Will.
W’s estate is worth around £460,000. My understanding is that NRB and TRNB come first before applying the BPR and APR.
If no IHT forms were done for dad, do I have the full TNRB available as the reliefs were never applied for?
In any event, would I apply the TNRB before the reliefs available to W or do I apply the TNRB first? There will be no IHT either way.
I’m going round in circles on this one.