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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 1 year ago by Tax Tutor.
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  • Author
    Posts
  • November 7, 2021 at 6:23 am #640091
    shaunak22
    Participant
    • Topics: 218
    • Replies: 41
    • ☆☆☆

    Which of the following actions will or will not achieve Heng’s aim of reducing the
    potential inheritance tax liability on her estate when she dies?

    Changing the terms of her will so that the residue of her
    estate goes to her grandchildren rather than her children true or false

    ANSWER – false

    DOUBT – Changing the terms of her will so that the residue of her estate goes to her grandchildren rather than her children by doing so the inheritance tax on the transfer of value has to be paid once if she doesn’t do so then the inheritance tax will be payable twice once when heng dies and one when her children dies

    November 8, 2021 at 12:59 pm #640223
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Look at the words of the question – what you have said is nothing to do with the question asked!

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