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Kesme And Soba (Acca Specimen examen FA21 Amended To Fa24)

Forums › ACCA Forums › General ACCA Forums › Kesme And Soba (Acca Specimen examen FA21 Amended To Fa24)

  • This topic has 1 reply, 2 voices, and was last updated 3 weeks ago by Kim Smith.
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  • May 1, 2025 at 1:16 pm #717076
    Help123
    Participant
    • Topics: 2
    • Replies: 0
    • ☆

    I need help on a question of examen Pratice Kit (UK Advanced tax) its question 13 Kesme and Soba the inheritance tax part…i understood the concept of spouse exemption..325,000 available NRB for gift to the daughter which was taxable..why the remaining 45,000 was multiplied 40/60 to give 30k as liability..can someone please explain ??.. i know tax rate on death is 40% then why divide by 60???

    May 1, 2025 at 5:26 pm #717081
    Kim Smith
    Keymaster
    • Topics: 133
    • Replies: 8284
    • ☆☆☆☆☆

    This forum is for general I.e. non-exam specific questions. The TX tutor may be able to answer but if not please be aware that we do not offer ATX resources or support.

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