• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

IHT, NIC – (paid by/suffered by)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › IHT, NIC – (paid by/suffered by)

  • This topic has 2 replies, 2 voices, and was last updated 3 years ago by Tax Tutor.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 28, 2021 at 9:19 am #641846
    @sahil
    Participant
    • Topics: 11
    • Replies: 5
    • ☆

    I am getting it wrong everytime question pops up regarding this.

    When taxpayer dies, IHT on lifetime transfers is always paid by the person or trust who has received it.
    IHT on death estate is BORNE by the residual legatee which means he gets the leftover residue estate after deduction of the IHT, but that IHT is PAID by the Executors/personal representatives.

    In case of NIC, if there is a self employed person(X) , who has an employee (Y) working under him, the class 1 primary nic is paid by X but suffered by Y , however all other-class 1 secondary,class2 and class 4 are both paid and suffered by X.

    Please correct me if I am wrong and suggest some additions or any other scenario possible here that could create confusion.

    December 20, 2021 at 10:47 am #644591
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Your summary of who pays IHT is correct as is your summary of who pays and / or suffers the different classes of NIC though it is of course important to know what those different classes of NIC are charged upon!

    December 20, 2021 at 10:56 am #644596
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    ps my apologies for not being available until now to answer your question

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • umangkumbhat on What is Assurance? – ACCA Audit and Assurance (AA)
  • ahmadhoney on How to register with ACCA?
  • John Moffat on Interest rate risk management (1) Part 5 – ACCA (AFM) lectures
  • osman-the-zephyr@ on MA Chapter 1 Questions Accounting for Management
  • adebusola on MA Chapter 1 Questions Accounting for Management

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in