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IHT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › IHT

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • August 28, 2017 at 1:57 pm #403913
    sxhawty
    Member
    • Topics: 56
    • Replies: 25
    • ☆☆

    Hi sir, is the NRB available seperately for both lifetime transfers chargeable when made and on death? I’m confused with using the NRB. is it used up if i used it in the first computation (lifetime transfer chargeable when made) so there will no longer be an NRB in the calculation of lifetime transfers chargeable on death? or do they get both seperate NRB for both calculation?

    August 28, 2017 at 3:10 pm #403923
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The lifetime transfers chargeable when made and the lifetime transfers chargeable on death are 2 separate computations to which the NRB will separately apply

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