Hi sir, is the NRB available seperately for both lifetime transfers chargeable when made and on death? I’m confused with using the NRB. is it used up if i used it in the first computation (lifetime transfer chargeable when made) so there will no longer be an NRB in the calculation of lifetime transfers chargeable on death? or do they get both seperate NRB for both calculation?
The lifetime transfers chargeable when made and the lifetime transfers chargeable on death are 2 separate computations to which the NRB will separately apply