• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Inheritance tax

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

  • This topic has 7 replies, 5 voices, and was last updated 1 year ago by JillyB.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • March 1, 2023 at 10:13 am #679871
    renivarghese
    Participant
    • Topics: 3
    • Replies: 0
    • ☆

    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
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    I do not have access to Kaplan books and VAT is not related to IHT

    March 8, 2023 at 1:54 pm #680498
    Precious
    Participant
    • Topics: 0
    • Replies: 4
    • ☆

    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
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Because we only need 500 to bring the PET to nil

    May 26, 2023 at 11:35 pm #685162
    afrazali10
    Participant
    • Topics: 18
    • Replies: 17
    • ☆

    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
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    nephew and neice are classed as remoter ancestors by ACCA

    September 16, 2023 at 5:49 am #692101
    chughtai20
    Participant
    • Topics: 39
    • Replies: 52
    • ☆☆

    In that case, shouldn’t the allowance deducted be 2500 instead of a 1000 ?

    October 2, 2023 at 10:17 am #692733
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    In TX exams the neice/nephew are used as remoter ancester and get 1000 relief only

  • Author
    Posts
Viewing 8 posts - 1 through 8 (of 8 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • hana1992 on Foreign exchange risk management (2) Part 1 – ACCA (AFM) lectures
  • John Moffat on Overcapitalisation and Overtrading – ACCA Financial Management (FM)
  • ISABIRYEZA on Overcapitalisation and Overtrading – ACCA Financial Management (FM)
  • ISABIRYEZA on Overcapitalisation and Overtrading – ACCA Financial Management (FM)
  • huunghia18499 on Foreign currency- Functional currency – ACCA (SBR) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in