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Inheritance Tax – Illustration 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Inheritance Tax – Illustration 2

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by JillyB.
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  • February 5, 2024 at 5:35 am #699766
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    Hi, why did the gift to the nephew count as a remoter ancestor exemption and also even if it did why did you deduct 1000 (the amount for other parties) instead of 2500 which is the exemption for remoter ancestors? I’m a bit confused as I have no idea which marriage exemption applies to this specific scenario

    February 6, 2024 at 2:55 pm #699835
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Nephew and niece always classed as remote ancestor in exams

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