Iht nil rate bandForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Iht nil rate bandThis topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts June 5, 2017 at 2:03 pm #390525 b10tomlingMemberTopics: 4Replies: 0☆IHT: what happens if £400,000 is transferred and the transferor lives for greater than 7 years, is there any tax payable ie 400,000 less nil rate of 325,000 at 40%?Kind regards June 6, 2017 at 3:00 am #390738 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆If the transfer is a PET then NO IHT is payable if the transferor survives for more than 7 years.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In