Level 4 - Personal tax - IHT

elenagalybina Registered Posts: 1
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)


  • Pian32
    Pian32 MAAT Posts: 448
    The RNRB only applies when passing property to there children not to others.
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F5- Passed Dec 2020
    F6- Passed Sep 2020
    F7- Passed June 2021
    F8 - Planned Sep 2021
    F9 - Passed June 2021
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