IHT allowance on property

Bellringer123

My parents were unable to manage in a 55+ restricted flat due to their age and Covid.

I arranged for them to be moved to a Home closer to me  (100mls distant) in August 2020.

My father died in April 2021 and my mother was initially happy to stay on in the Home. Although the flat was on the market from August 2020 it was not sold until Sept. 2021 at which time my mother expressed a wish to return to the coastal town in which she had grown up and to have a more indepedent lifestyle.

She didn't wish to move in to another Home so the only option was to buy a place where she could have a live-in carer without age restriction.  Not easy in a retirement area.

I did find a property and it was bought in her name in March 2022. Since then she decided to remain in her exisiting Home not move into the new flat ( her health had started to decline) !

She has recently died and I am looking at IHT liability on the new flat. Is there any entitlement to the offset provision of £175,000?

Albermarle

What does her will say. Has she left the flat to you,  and how much is it worth ?

What is the total value of her estate, including the flat and all other financial assets?

Keep_pedalling

If your mother inherited everything from your father then she has 2 NRBs to use before you need to look at claiming RNRBs, so unless her estate exceeds £650k you won’t need those. What was the value of the home she shared with your father, and the home she owned at her death?

Bellringer123

The estate will exceed £650k. so is it possible in the circumstances to look at RNRB.?