I own a property just in excess of the RNRB allowances, but have moved out and am renting it. I have significantly downsized well below the RBRB allowances.
If I continue to rent the original property until I die, is the value of the property for RNRB purposes calculated at the point I moved out or the value on sale? (If I had sold it and ensured records were kept it would protect the RNRB even though I moved to a cheaper property as I understand it).
The reason behind my question is that with fiscal drag , over a period of maybe 20 or even 30 years, the value of the property could easily fall below what might then be a much higher RNRB (forever hopeful) and therefore the incentive to keep the property if I can afford to, is greater.
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