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Inheritance Tax Example 4

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Inheritance Tax Example 4

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by JillyB.
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  • May 4, 2023 at 6:42 am #683903
    josukegiorno10
    Participant
    • Topics: 4
    • Replies: 60
    • ☆☆

    In example 4 at the end we get a chargeable estate of £758,000 and a gross chargeable transfer in seven years before the death of £628,250.
    So my question is: if the amount of gross chargeable transfer was less than NRB it would have been deducted with NRB and then the amount left from it would have been deducted with £758,000?

    May 4, 2023 at 3:22 pm #683924
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    correct

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