Level 4 - Personal tax - IHT

elenagalybina

In the mock exam ( assessment 2 Personal tax)
Question 13b. the answer is £120000
Which is 300000*40% =120000. (Why?)

Why in this example was not used the residential Nil rate band of 175000?
In the question clearly said 300000 of estate and resi property included, there a person allow to use tax threshold of 325000( it was used with Emily and 175000 for residential property which we have not used it)
Thanks

Pian32

The RNRB only applies when passing property to there children not to others.