IHTM46010 - Basic definitions: introduction
Although RNRB applies in principle where a person바카라 사이트™s estate includes their home and that home is left to their children or other direct descendants, the RNRB legislation (IHTA84/S8D to S8M) sets out the qualifying criteria in detail. It introduces a number of terms with specific meanings which, among other things, determine what qualifies as a 바카라 사이트˜home바카라 사이트™ (IHTM46011), who qualifies as a 바카라 사이트˜direct descendant바카라 사이트™ (IHTM46034), and whether the 바카라 사이트˜home바카라 사이트™ is part of a person바카라 사이트™s estate (IHTM46012). These are explained on the following pages.
There are further terms which apply to situations where RNRB is being transferred (IHTM46040) between the estates of spouses or civil partners, or where the downsizing provisions (IHTM46050) apply. These terms are set out in the relevant parts of the Manual.