Here it is.
A client's (son 1) Mother died in 11th December 2011 and Father died 6th May 2012.
The father 3 and half years transfered a freehold shop to son 2 and gave a property to son 1.
The father left in his estate
Property worth circa £250K
Cash worth £200K
I am still awaiting details of his will.
Can the couple's NRB still be transfferred?
What can I do to reduce IHT liability?
Does the 7 year rule apply?