Doubt regarding Kaplan question 197..as my doubt is the gross chargeable amount along with the amount of vat paid by donor is also taken to find the death tax or the gross chargeable transfer without the iht paid by donor during life time?
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Inheritance tax
I do not have access to Kaplan books and VAT is not related to IHT
Hi Jilly
On the first lecture on IHT why is the annual exempt amount carried forward 500 instead of 2500?
Because we only need 500 to bring the PET to nil
why in that illustration is miss calling nephew an remoter ancestor and charges 1000 when its 2500 for ancestors ? my dear Lord
nephew and neice are classed as remoter ancestors by ACCA
In that case, shouldn't the allowance deducted be 2500 instead of a 1000 ?
In TX exams the neice/nephew are used as remoter ancester and get 1000 relief only
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