Failed PETs and RNRB

Morning all.
Just after some confirmation on my thinking.

On death, if there are failed PETs in excess of the NRB, can these reduce the RNRB?  I think not....?

E.G. (and assuming current TY and full RNRB available as house going to kid etc)

Estate: 500K (of which 250K is home)
Failed PETS: 450K (with IHT due on excess above NRB)
Available NRB: 0 (due to failed PETs)
Available RNRB: 100K (i.e. the 125K balance of failed PETs cannot reduce RNRB).

Thoughts very welcome.


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