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IHT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › IHT

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by yushanshan.
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  • November 15, 2015 at 11:07 am #282526
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    In exam, do we need to check IHT using 20% rate on gross transfer?

    November 20, 2015 at 1:42 pm #284162
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Sorry but I am finding it difficult to understand what you are asking in many of your questions – what do you mean “check IHT”? If there is a CLT then the tax rate is based on who pays the tax – if the trustees pay then it is a gross transfer and we use 20%, but if the donor pays it is a net transfer and we use the 25% rate.

    November 20, 2015 at 1:43 pm #284163
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Thanks , I got it.

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