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Inheritance tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Inheritance tax

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • April 18, 2020 at 3:07 pm #568681
    pinkyjovin123
    Participant
    • Topics: 92
    • Replies: 134
    • ☆☆☆

    Dear sir,

    Why in some calculations we don’t need to calculate PET ??

    And also if the property is not expected to increase in value in the near future there is no inheritance tax benefit in making a lifetime gift.

    What does that mean ??why it’s said inheritance tax benefit?

    In some questions of inheritance tax it says nil rate band has been utilised years ago by like husband or wife.So in this case what would happen to the calculation of inheritance tax ?

    April 20, 2020 at 4:11 pm #568833
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Please read my comments to your previous IHT question

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