(3) Investments in Individual Savings Accounts valued at 45,000, National Savings \& Investments savings certificates valued at 30,000, and government stocks (gilts) valued at 59,000. Walter owes 25,600 in respect of a personal loan from a bank, and he has also verbally promised to pay legal fees of 7,300 incurred by his nephew. His reasonable funeral expenses will amount to 4,500. Walter's wife died on 12 March 2007 , and 70% of her inheritance tax nil rate band was not used. On 14 August 2010 Walter had made a gift of 90,000 to his daughter, and on 7 November 2020 he made a gift of his main residenec, worth 220,000, to his son. These amounts are after taking account of any available exemptions. The nil rate band for the tax year 2006/07 is 285,000. 16. What is the net value for the two properties in (1) which will be included in the calculation of Walter's chargeable estate were he to dic on 20 March 2022? A. 1,024,000 B. 956,000 C. 856,000 D. 864,000 17. What is the value of the assets in (2) and (3) which will be included in the calculation of Walter's chargeable estate were he to die on 20 March 2022 ? A. 150,000 B. 80 C. 284,000 D. 134,000 13. What is the total amount of deductions (ignoring mortgage debts) which will be taken into account in the calculation of Walter's chargeable estate were he to die on 20 March 2022? A. 4,500 B. 37,400 C. 11,800 D. 30,100 were ireto die on 20 viatcil 2022 ? A. 150,000 B. 0 C. 284,000 D. 134,000 18. What is the total amount of deductions (ignoring mortgage debts) which will be taken into account in the calculation of Walter's chargeable estate were he to die on 20 March 2022? A. 4,500 B. 37,400 C. 11,800 D. 30,100 19. What is the amount of Walter's own nil rate band for calculating the inheritance tax payable in respect of his estate were he to die on 20 March 2022 ? A. 325,000 B. 105,000 C. 15,000 D. 205,000 20. What is the amount of Walter's wife's nil rate band that Walter's personal representatives could claim were he to die on 20 March 2022 and by when should the claim be made