Why and howcome in Illustration 9 regarding CLT the taxpayer has become entitled to Nil rate band twice ,,,isn’t CLT suppose to use up the available Nil rate band..i dont understand this part actually, would you please clarify the whole CLT to me and its relation to Nil rate band and to Chargeblity if made within 7 years limit..thanx
@admin
Hello admin , i am in need for urgent help here!
Why and howcome in Illustration 9 regarding CLT the taxpayer has become entitled to Nil rate band twice ,,,isn’t CLT suppose to use up the available Nil rate band..i dont understand this part actually, would you please clarify the whole CLT to me and its relation to Nil rate band and to Chargeblity if made within 7 years limit..thanx
hope this carries 15 marks……but not banking on it still……..
hello ..who is ready to summarise to me inheritance tax….will appreciate
No one probably,
good luck
read the course notes if 1 hour lecture is too long for you. it’s short enough
the reason is that the first transfer enjoys the nil rate band first and fully covered under the nil rate band of 325,000
Why is the first 200,000 in Jan 2007 in Illustration not chargeable for IHT??????????????????????????
@saamih,
the reason is that the first transfer enjoys the nil rate band first and fully covered under the nil rate band of 325,000