Which of the following regarding the Residential Nil Rate Band (RNRB) for property is INCORRECT?
A: You can benefit if you have "downsized" and gone into residential care
B: For estates valued above £1 million the allowances reduces by £1 for every £2 of estate over this threshold
C: You can only pass the property to a "direct descendent" to qualify
D: The RNRB is used before the Standard Nil Rate Band against the property
Answer is B