Inheritance Tax – Example 2

This topic has 1 reply, 2 voices, and was last updated 2 years ago by JillyB.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
February 5, 2024 at 7:37 am #699769
ilham9089
Participant
- Topics: 301
- Replies: 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
JillyB
Participant
- Topics: 0
- Replies: 899
Pet’s always use the annual exemption even though they are not chargeable to tax during lifetime.
Have you watched the chapter recording?
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.