Dear Sir,
Please note that in the section Chargeable Lifetime transfers under IHT, it is mentioned that
"If IHT is payable it should be paid 6 months after the end of the month in which the transfer was made, but if later, the 30th April following the end of the tax year in which the transfer took place".
I was not able to comprehend the above statement, kindly advice on the same.
With regards,
Raseem Anwar
Ask the Tutor ACCA TX-UK
Inheritance Tax
Did you not understand the application of that rule with the example that immediately follows that statement?
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