This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

RNRB before 2017

Sidonie
Posts:6
Joined:Sat Oct 16, 2021 2:06 pm
RNRB before 2017

Postby Sidonie » Sat Oct 16, 2021 2:08 pm

My father died in 1979 and my mother this year. Can we claim any RNRB?

Jholm
Posts:360
Joined:Mon Mar 11, 2019 4:22 pm

Re: RNRB before 2017

Postby Jholm » Tue Oct 19, 2021 8:42 am

Yes, you can claim your mother's part of RNRB (assuming the criteria is met and they were married when he died) plus the additional 100% unused amount from your late father.

It is transferable to the surviving spouse in much the same way the usual NRB is.

Sidonie
Posts:6
Joined:Sat Oct 16, 2021 2:06 pm

Re: RNRB before 2017

Postby Sidonie » Wed Oct 20, 2021 1:16 pm

What was the amount of RNRB that can be claimed if the first death was in 1979

Sidonie
Posts:6
Joined:Sat Oct 16, 2021 2:06 pm

Re: RNRB before 2017

Postby Sidonie » Wed Oct 20, 2021 1:24 pm

Are there any criteria which would mean I could not claim the RNRB for my father's death in 1979?

AGoodman
Posts:1738
Joined:Fri May 16, 2014 3:47 pm

Re: RNRB before 2017

Postby AGoodman » Mon Oct 25, 2021 4:57 pm

It's based on the current value so £175k. There's no criteria that can exclude it. The relevant criteria is whether it can be used by your mother's estate (e.g. she has left a home worth £350k to her direct descendants)

Sidonie
Posts:6
Joined:Sat Oct 16, 2021 2:06 pm

Re: RNRB before 2017

Postby Sidonie » Wed Oct 27, 2021 6:37 pm

The value of the home is £575.00


Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”