Inheritance tax

This topic has 7 replies, 5 voices, and was last updated 2 years ago by JillyB.

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March 1, 2023 at 10:13 am #679871
renivarghese
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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?
March 1, 2023 at 4:36 pm #679898
JillyB
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I do not have access to Kaplan books and VAT is not related to IHT
March 8, 2023 at 1:54 pm #680498
Precious
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Hi Jilly
On the first lecture on IHT why is the annual exempt amount carried forward 500 instead of 2500?
March 9, 2023 at 9:57 am #680806
JillyB
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Because we only need 500 to bring the PET to nil
May 26, 2023 at 11:35 pm #685162
afrazali10
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why in that illustration is miss calling nephew an remoter ancestor and charges 1000 when its 2500 for ancestors ? my dear Lord
May 29, 2023 at 10:14 am #685305
JillyB
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nephew and neice are classed as remoter ancestors by ACCA
September 16, 2023 at 5:49 am #692101
chughtai20
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In that case, shouldn’t the allowance deducted be 2500 instead of a 1000 ?
October 2, 2023 at 10:17 am #692733
JillyB
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In TX exams the neice/nephew are used as remoter ancester and get 1000 relief only
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