Inheritance Tax – Example 2Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Inheritance Tax – Example 2This topic has 1 reply, 2 voices, and was last updated 9 months ago by JillyB.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts February 5, 2024 at 7:37 am #699769 ilham9089ParticipantTopics: 301Replies: 190☆☆☆Hi, since IHT isn’t chargeable on the PET made to the son, why is it deemed that it has used up the annual allowance? Why can’t we transfer it to the next year when CLT was made February 6, 2024 at 2:54 pm #699834 JillyBKeymasterTopics: 0Replies: 860☆☆☆☆Pet’s always use the annual exemption even though they are not chargeable to tax during lifetime. Have you watched the chapter recording?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In