Question 7. IHT436. Claiming RNRB

3 Posts

Hello
Want to claim what we know is 100% of my mothers unused RNRB.
Mother died in 2003, her entire estate passed to my father who recently passed away in 2021.
She did not leave any instructions in a will to give anyone but my father any of her estate.
We have IHT form IHT436 which states:
Want to claim what we know is 100% of my mothers unused RNRB.
Mother died in 2003, her entire estate passed to my father who recently passed away in 2021.
She did not leave any instructions in a will to give anyone but my father any of her estate.
We have IHT form IHT436 which states:
Complete questions 7 to 15 if no RNRB was used on the estate of the deceased’s spouse or civil partner
Question 7 asks what was the Total net value of spouse or civil partner’s estate before exemptions or reliefs.
We are struggling with this question. From what we know my mother only had joint savings with my father, they jointly owned the house they lived in. At best her only real personal assets would have been her jewellery and a life insurance policy that would only pay out upon my fathers death.
I am saying that her estate was in fact zero value, but am I correct in that assumption?
The taper threshold is £2,000,00 and even if she did have assets they certainly would not be anywhere near that figure, so isn’t the value of her estate (if there is one) irrelevant?
We are struggling with this question. From what we know my mother only had joint savings with my father, they jointly owned the house they lived in. At best her only real personal assets would have been her jewellery and a life insurance policy that would only pay out upon my fathers death.
I am saying that her estate was in fact zero value, but am I correct in that assumption?
The taper threshold is £2,000,00 and even if she did have assets they certainly would not be anywhere near that figure, so isn’t the value of her estate (if there is one) irrelevant?
‘Value of the taper threshold at the spouse or civil partner’s date of death (go to note 4 page 3)
If the value at question 7 is less than the value at question 8, enter 100.0000% in box 13 and go on to question 14. If the value at question 7 is more than the value at question 8 continue to question 9
Anyones help would be appreciated, thank you
Anyones help would be appreciated, thank you
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Many thanks.