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Annual exemption and nil band rate in inheritance Tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Annual exemption and nil band rate in inheritance Tax

  • This topic has 2 replies, 2 voices, and was last updated 5 years ago by stevenlino.
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  • January 30, 2020 at 3:19 pm #560218
    stevenlino
    Member
    • Topics: 19
    • Replies: 8
    • ☆

    Hello sir, please there are some questions under inheritance taxation where I the annual exemption has been used in the calculation, but not the nil band rate. They did not precise in the question that the nil band rate has been used already. Please, when particularly do we use the annual exemption and the nil rate band ?

    February 3, 2020 at 8:19 pm #560570
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You are going to have to show me the specific questions and answers and what in the answer you did not understand – then I can seek to explain

    February 3, 2020 at 9:15 pm #560582
    stevenlino
    Member
    • Topics: 19
    • Replies: 8
    • ☆

    Alright thanks. I will check and send.

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