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Additional context for IHT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Additional context for IHT

  • This topic has 1 reply, 1 voice, and was last updated 4 years ago by CraigLivesey.
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  • November 30, 2020 at 5:00 pm #597146
    CraigLivesey
    Member
    • Topics: 6
    • Replies: 3
    • ☆

    I know this isn’t part of syllabus, or at least I think it isn’t, but when discussing the lifetime transfers of the nil rate band from deceased to the widow/widower, what would happen if if the widow remarried/found a new spouse or civil partner and they also unfortunately died. Could this transfer of the nil rate band continuously accrue over time to this single person depending on how many of their partners die, or would the transfer be lost upon remarriage/civil partnership to a new person?

    Very morbid question I know but just wondering lol.

    Thanks.

    December 1, 2020 at 7:37 am #597235
    CraigLivesey
    Member
    • Topics: 6
    • Replies: 3
    • ☆

    Sorry, didn’t realise this question posted twice – there’s no option to delete.

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