CII R01 Chapter 2 Exam 2025
Questions and Answers 100% pass
Nil rate band - ✔✔£325 000 tax free
can be transferred to spouse if not used
Residence nil rate band - ✔✔Can pass UP TO £175,000 in house per person down to
your children without IHT
Can be transferred to spouse if not used
Inheritance Tax rate (IHT) - ✔✔40%
if 10% of net estate goes to charity then 36%
no IHT if gifted to partner
IHT for estates over 2 million - ✔✔For every £2 exceeding £2 million, £1 is taken off the
residence nil rate
Divide amount over 2 million by 2 - residence nil rate
AIM BPR shares - ✔✔eligible for IHT relief
Standard variable rate - ✔✔Payments move up or down at the lender's discretion.
usually influenced by base rate
tracker rate - ✔✔variable rate that tracks a base rate such as bank of england
sometimes early repayment charges
COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED 1
Questions and Answers 100% pass
Nil rate band - ✔✔£325 000 tax free
can be transferred to spouse if not used
Residence nil rate band - ✔✔Can pass UP TO £175,000 in house per person down to
your children without IHT
Can be transferred to spouse if not used
Inheritance Tax rate (IHT) - ✔✔40%
if 10% of net estate goes to charity then 36%
no IHT if gifted to partner
IHT for estates over 2 million - ✔✔For every £2 exceeding £2 million, £1 is taken off the
residence nil rate
Divide amount over 2 million by 2 - residence nil rate
AIM BPR shares - ✔✔eligible for IHT relief
Standard variable rate - ✔✔Payments move up or down at the lender's discretion.
usually influenced by base rate
tracker rate - ✔✔variable rate that tracks a base rate such as bank of england
sometimes early repayment charges
COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED 1
