Inheritence Tax Question
Sykosteve
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My mother has had to move in with me temporarily bue to mobility problems, but it might become permanent. If she sells her house because she was no longer able to live there, would she lose the ability to claim hers and her late husbands main residence allowance, £175k each, as the money would all now be in cash? House value is approximately £850k
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Please see link - simple to read and IMO the answer you are looking for but then its a bit more complex
https://www.gov.uk/guidance/how-downsizing-selling-or-gifting-a-home-affects-the-additional-inheritance-tax-threshold
Good luck
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