Discretionary Will Trusts & Residence Nil Rate Band

Palacedolly

Martin says in his latest newsletter that if you hold a Discretionary Will Trust your children would not qualify for the Residence Nil Rate Band, however advice from Co-Op Wills says that your children can benefit from this extra tax relief when you die, if they sell the property within 2 years of your death.  Can anyone clarify please?  Thanks in advance.    If Martin is giving out advice that isn't accurate, how do I get to let him know?? 

Marcon

Palacedolly said:

Martin says in his latest newsletter that if you hold a Discretionary Will Trust your children would not qualify for the Residence Nil Rate Band, however advice from Co-Op Wills says that your children can benefit from this extra tax relief when you die, if they sell the property within 2 years of your death.  Can anyone clarify please?  Thanks in advance.    If Martin is giving out advice that isn't accurate, how do I get to let him know?? 

Good clear explanation here of which trust qualifies for what! https://techzone.abrdn.com/public/iht-est-plan/residence-nil-rate-band-guide

Keep_pedalling

Martin sold this site a long time ago, he does not read anything posted here.

Why a discretionary will trust rather than an immediate post death interest trust?