• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

Unused NRB

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Unused NRB

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 22, 2020 at 8:07 pm #571618
    draiells
    Member
    • Topics: 123
    • Replies: 141
    • ☆☆☆

    Hello sir, I hope you’re doing great.. please confirm this BPP MTQ answer.

    Ning’s husband died on 12 March 2007, and 70% of his inheritance tax nil rate band was not used.
    On 14 August 2008 Ning had made a gift of £90,000 to her daughter, and on 7 November 2018 she made a gift of
    her main residence, worth £220,000, to her son. These amounts are after taking account of any available
    exemptions.

    What is the amount of Ning’s husband’s nil rate band that Ning’s personal representatives could claim were she to die on 20 March 2020?

    The answer given behind is: 227500
    Ning’s personal representatives could claim her deceased husband’s unused nil rate band of £325,000 ?
    70% = £227,500.

    But my question is, shouldn’t the answer be 70% of 105000,
    As in respect of death estate, The potentially exempt transfer on 7 November 2018 will utilise £220,000 of the nil rate band, so only
    £(325,000 – 220,000) = £105,000 is available against the death estate.

    Please help me clear my confusion sir.

    May 25, 2020 at 1:22 pm #571808
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The question asks “What is the amount of Ning’s husband’s nil rate band that Ning’s personal representatives could claim were she to die on 20 March 2020?”
    The answer to this is the BPP answer as given – 70% of £325,000 = £227,500
    This would then be added to Ning’s NRB of £325,000.

    The question is NOT about how that available NRB would then be used, which would be against any lifetime transfers, before the death estate – the answer however would never be 70% of £105,000!

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • verweijlisa on Financial performance – Example 2 – ACCA Financial Reporting (FR)
  • John Moffat on Linear Programming – Spare capacity and Shadow prices – ACCA Performance Management (PM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Salexy on Linear Programming – Spare capacity and Shadow prices – ACCA Performance Management (PM)
  • omerbasheer on The Statement of Financial Position and Income Statement (part d)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in