Yes, somebody receiving attendance allowance is classed as a disabled person and receives the 36 month allowance.

Even if it you exceeded the relevant period, the relief is proportionate so a few months vs 46 years would be a tiny part of the gain and hopefully covered by the £3k annual exemption.

I'm afraid the advice is probably correct. A usufruct has been considered equivalent to an interest in possession (IIP) for IHT for a while. There have not been any definitive cases although it was touched on in a 2024 case but as background - it was not directly relevant to the decision. https://we...

Para 3(4)(b) Sch 4ZA Finance Act 2003 - https://www.legislation.gov.uk/ukpga/2003/14/schedule/4ZA

Your solicitor needs to explain why they think the additional rate applies despite it apparently not satisfying Condition C - that the other property interest is worth more than £40k.

Yes, provided your son is an adult and it is a genuine gift - not part of a cunning plan. Sch 4ZA of Finance Act 2003: 3.(7)For the purposes of sub-paragraph (5) the purchased dwelling [F9is also] a replacement for the purchaser's only or main residence if— (a)on the effective date of the transactio...

Yes - any resident is taxed in the same way
Yes - all non-residents are taxed in the same way - note Mr B's need to remain non-UK resident for over 5 years
Don't know - I'm afraid that's not something I've had to look at.

I see a lot of people (IRL and online) who seem to forget about point 4.

If this person has ever owned a home, their estate may also benefit from 2x the residential nil rate band, adding a possible £350k to the basic £325k NRB.

I'm afraid it remains part of their estate for IHT. There are some provisions which can apply if your parents give you a share of the house but nothing relevant if they have given you the whole thing. I'm not familiar with life rents (presumably this is Scotland) but, assuming it gives them the righ...

I think you may be under a few misapprehensions: 1. You can absolutely spend and/or gift capital receipts. 2. You are correct that the normal expenditure exemption would not apply to capital gifts. 3. Any non-exempt gift (i.e. not covered by any of the exemptions) would be a potentially exempt trans...

I have to make a few assumptions here: 1. This is a "proper" trust - i.e. an established will trust or a trust established by a living settlor. It is not an estate under administration. 2. PPR is not available because no beneficiaries live in the property. 3. The beneficiaries are not currently abso...

CGT: You will each make a disposal for CGT - where your respective gains would be 1/3 of the current market value minus (a) 1/3 of the acquisition price (b) 1/3 of the SDLT/legal fees (c) any capital improvements you have paid for and a £3,000 annual exemption. That net gain is subject to tax at 18%...