Query re Class F

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  • #20705
    figaro
    Participant

    Hi,

    If probate is granted on the 22/8/08 to exor, who is not a family member, and the property is then transferred to son and daughter of deceased on the 20/10/08. Do they get the balance of the Class F as beneficiaries or are they treated as any other new owner and only eligible for either furnished or unfurnished charge from date of transfer.

    Regards

    #3368
    markp
    Participant

    Once ownership changes hands then the class F exemption should end and the appropriate unfurnished disregard applies.

    If however they are mereley administering the estate then a class F exemption can continue.

    Do I know what I'm doing? The jury's out on that........................

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