- This topic has 1 reply, 2 voices, and was last updated 2 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › inheritance Tax
Which of the following actions will or will not achieve Heng’s aim of reducing the
potential inheritance tax liability on her estate when she dies?
Changing the terms of her will so that the residue of her
estate goes to her grandchildren rather than her children true or false
ANSWER – false
DOUBT – Changing the terms of her will so that the residue of her estate goes to her grandchildren rather than her children by doing so the inheritance tax on the transfer of value has to be paid once if she doesn’t do so then the inheritance tax will be payable twice once when heng dies and one when her children dies
Look at the words of the question – what you have said is nothing to do with the question asked!