188体育

Where a surviving spouse or civil partner has been married more than once, or has been in more than one civil partnership and has survived both or all of their spouses or civil partners that died before them the amount of unused nil rate at each previous death can be carried forward to the later death under IHTA84/S8A(6)(b). This is limited to a maximum of 100% of the nil rate band at the death of the surviving spouse or civil partner under IHTA84/S8A(5) (IHTM43031).

Example

Mei married Cheng in 1970. Cheng died on 7 May 2002 leaving legacies of 拢100,000 to his children and the residue (拢300,000) to Mei.

Unused nil rate band calculation

M = 拢250,000

VT = 拢100,000

M* *is greater than VT by 拢150,000

Transferable nil rate band calculation

E =拢150,000

NRBMD = 拢250,000 so

(150,000 梅 250,000) 脳 100 = 60.0000%

So there is 60% of Cheng鈥檚 nil rate band available to transfer to Mei. Mei was married for a second time to Jack and again survived her husband who died on 7 September 2005. Jack left 拢220,000 to a niece with the residue (拢80,000) to Mei.

Unused nil rate band calculation

M = 拢275,000

VT = 拢220,000

M* *is greater than VT by 拢55,000

Transferable nil rate band calculation

E =拢55,000

NRBMD = 拢275,000 so

(55,000 梅 275,000) 脳 100 = 20.0000%

Mei died in January 2008 so the nil rate band available on her death is聽聽

拢300,000 + (300,000 x 60%) + (300,000 x 20%) = 拢540,000