CHAPTER 24 EXAMPLE 12 – DEE

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December 1, 2013 at 7:27 am #148753
nasrii
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Dear Sir,
After deducting Taper relief, why is it that lifetime tax paid of 3000 was not deducted? It was deducted in example 1. Is it because CLT > 7 years of Dee’s death date?

Thank You
December 1, 2013 at 1:59 pm #148832
Tax Tutor
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Hi nasrii I have already answered this question where you first asked it in earlier query entitled question on inheritance tax if you look back. I also think you mean example 2 – please review
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