[8A Transfer of unused nil-rate band between spouses and civil partners]
Inheritance Tax Act 1984 (1984 c 51) | Legislation

[8A  Transfer of unused nil-rate band between spouses and civil partners]

[(1)     This section applies ɳ—

(a)     immediately before the death of a person (a “deceased person”), the deceased person had a spouse or civil partner (“the survivor”), and

(b)     the deceased person had unused nil-rate band on death.

(2)     A person has unused nil-rate band on death if—

M > VT

ɳ—

M is the maximum amount that could be transferred by a chargeable transfer made (under section 4 above) on the person's death if it were to be wholly chargeable to tax at the rate of nil per cent (assuming, if necessary, that

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