What is the SQE?
Who is the SQE for?
Costs and fees
Case studies
Dates and locations
Assessment information
The assessment day
Results and resits
Due to inactivity, and for security reasons, you will be automatically logged out of your SQE account in 1 minute.
Press ’continue’ to stay logged in.
The monitoring and maximising diversity survey has been updated. Please return to the survey to reconfirm your answers and complete the new section at the end.
You must do this to remain eligible for the SQE. You will not be able to book your next assessment until you have updated your answers.
A man died on 4 May 2023. He left his entire estate to his nephew. He was a bachelor and did not make any lifetime gifts. His estate comprised a house free of mortgage worth £175,000 which he had lived in for over 20 years and bank and building society accounts with balances totalling £550,000. He also owned a house worth £170,000 free of mortgage which he inherited from his aunt and which has been rented out to tenants for the last 30 years. The man’s debts and funeral expenses totalled £9,000.
In the 2023/24 tax year the nil rate band is £325,000 and the main residence nil rate band is £175,000.
How much Inheritance Tax will be payable on the man’s estate?
A. £354,400
B. £224,400
C. £154,400
D. £152,000
E. £84,400
B - £224,400
Create your personal SQE account and book your assessments.
Find out what happens after passing the SQE and admission to the roll of solicitors.