Related Commentary  

8E(1)  Subsections (2) to (7) apply if–

(a)the personʼs estate immediately before the personʼs death includes a qualifying residential interest, and

(b)N% of the interest is closely inherited, where N is a number–

(i)greater than 0, and

(ii)less than or equal to 100,

and in those subsections “NV/100” means N% of so much (if any) of the value transferred by the transfer of value under section 4 on the personʼs death as is attributable to the interest.

8E(2)  Where–

(a)E is less than or equal to TT, and

(b)NV/100 is less than the personʼs default allowance,

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