TRNRB IHT436 form - value of spouses estate

cas20

Hi,

I'm filling in form IHT436 to claim transferable residence nil rate band after my Mum's death and am struggling with what on the face of it seems a very simple question:

Q7: 'Total value of spouse or civil partner's estate before exemptions or reliefs'

All I have regarding my Dad's estate (died 2015) is the Probate form that says the the gross value of his estate did not exceed £325k and the net value did not exceed £109k. Can I use either of these figures on the form or do I need to try and find the actual Probate form we submitted to get a gross estate value?
I know I'll be able to claim 100% of the RNRB given the numbers involved but don't want to get it wrong!

Many thanks.

getmore4less

What happened to the previous estate inventory and account?

Should have been done by the administrator.

cas20

getmore4less wrote: »

What happened to the previous estate inventory and account?

Should have been done by the administrator.

I did it myself but the paperwork is at my Mum's somewhere - so can I assume from your reply that I do need the gross amount from that inventory?

getmore4less

To claim the transferable residential nil rate band all you should need to do is show it was not used on the first death.

As it did not exist in 2016 it must be 100% transferable.

cas20

getmore4less wrote: »

To claim the transferable residential nil rate band all you should need to do is show it was not used on the first death.

As it did not exist in 2016 it must be 100% transferable.

Excellent, thank you!

relaxtwotribes

getmore4less wrote: »

As it did not exist in 2016 it must be 100% transferable.

With the RNRB being £150,000 in this tax year your mum's estate will have this relief and another £150,000 RNRB can be transferred from your father's unused RNRB. That's £300,000 in total, but as far as I am aware, the property must have a value of at least £300,000 for it to be used entirely.