Related Commentary  

8F(1)  Subsections (2) and (3) apply if the personʼs estate immediately before the personʼs death–

(a)does not include a qualifying residential interest, or

(b)includes a qualifying residential interest but none of the interest is closely inherited.

8F(2)  The personʼs residence nil-rate amount is nil.

8F(3)  An amount–

(a)equal to the personʼs default allowance, or

(b)if E is greater than TT, equal to the personʼs adjusted allowance,

is available for carry-forward.

8F(4)  See also–

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