IHT Specific legacy

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

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August 31, 2017 at 12:54 pm #404646
thandolwenkosimoyo
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Where a Specific Legacy is to someone other than a spouse the amount is not deductable from the Estate. When the Specific Legacy is ‘free of tax’ it can be deducted. What are the reasons for Specific Legacies being tax free?
September 1, 2017 at 4:08 am #404771
Tax Tutor
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Sorry but I’m not absolutely sure what you are trying to say here but if you have any queries on the OT course notes please let me know
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