[marenah]

Hello Sir,

In part B of the answer, the NRB 325000 is deducted from the GCT’s in 7 years before 17/09/2012 362,500. shouldn’t there be a remainder of 37500 to be taxed by 40%, to get an IHT of 15000 instead of nil?

Thank You in advance.

[Author]

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