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IHT -NRB

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.

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November 26, 2015 at 7:49 am #285353
bunny
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- Topics: 2
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When calculating IHT payable on death, the NRB we use is the one used at death date right?.
And if there is unused NRB of spouse then we add to it . My question is do we use this increased NRB in calculating IHT payable only on death estate or also on all gifts that are chargeable on death?
November 26, 2015 at 1:22 pm #285462
Tax Tutor
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- Topics: 2
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Use the increased NRB in calculating all IHT arising on the death of the taxpayer, so firstly on lifetime transfers chargeable on death and then the chargeable estate
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