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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Marcus
Hi Sir,
May I be clarified please? In the exam specimen Marcus, why is it that the 600 paid as IHT during the lifetime transfer during 14 January 2009 was not included as part of the gross chargeable transfer amount deducted in the Nil rate band in computing the 3 December 2015 additional IHT due to death? Whereas the gross chargeable transfer included the IHT paid during lifetime gift of 96,250 in deducting the nil rate band in computing the IHT payable for the 1 january 2016 additional IHT?
Thank you in advance.
I cannot find this in the online specimen exam – please send me a link or copy the the question and answer for me please