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Chapter 24 – Inheritance Tax – ACCA Taxation (TX-UK) lectures

24.1 Introduction to IHT & Transfers of Value [58m]

24.2 Chargeable Estate at Death & Application of Nil Rate Bands [46m]

24.3 Potentially Exempt Transfers (PET) [35m]

24.4 Chargeable Lifetime Transfers (CLT) [39m]

24.5 CLT continued [45m]

24.6 Lifetime exemptions [43m]

24.7 Approach to Exam Questions [71m]

24.8 The 7 year Cumulation Period [61m]

24.9 Tax Planning Questions involving the Capital Taxes [77m]

Comments

hetalpatel1 says
January 25, 2023 at 12:20 am
Video 24.5 totally confused me with whole idea of CLT and PET. Why there was no life time tax paid deduction for 31k plus there was no calculation for CLT paid on march 2019 while computing lifetime transfer chargeable on death.
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furqanshafiq says
August 14, 2021 at 4:15 pm
I see the example 24.5 is not complete and I cant find its solution in the next video . Am I missing something please guide me.
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- Abraham19 says
  September 5, 2021 at 1:04 pm
  To add to your point, I also don’t understand why there’s a SECOND deduction of the nil rate band (£325,000) on the remaining lifetime transfers (@22:00)?
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Reinaldo-Bermudez says
June 2, 2021 at 3:30 am
In illustration 7 in the 24.3 Potentially Exempt Transfers (PET) (16:00) video is there an error in the solution? it has the chargeable estate of $750,000 will be charged at 40% giving a further liability of $300,000 is that correct?
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