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Discretionary Will Trusts & Residence Nil Rate Band
Palacedolly
Posts: 3 Newbie
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??
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Comments
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Good clear explanation here of which trust qualifies for what! https://techzone.abrdn.com/public/iht-est-plan/residence-nil-rate-band-guidePalacedolly 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??Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
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?0
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