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NRB

Forums › ACCA Forums › ACCA TX Taxation Forums › NRB

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by shab470.
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  • November 19, 2015 at 6:34 pm #284018
    student07
    Member
    • Topics: 193
    • Replies: 162
    • ☆☆☆

    Sir just wanted to make sure that there is only one NRB for both CLT & PET.Its not seperate for both of them.Am I right.

    December 2, 2015 at 1:23 pm #286980
    shab470
    Member
    • Topics: 5
    • Replies: 21
    • ☆

    Yes, That’s right,

    which is £325,000.00 per person but if the spouse NRB is still available then it accumulate to the £325,000.00.

    also if the PET is made during the lifetime, then the NRB does not come it to use. It will only be for Death Tax purposes if the person dies within the 7 years of PET.

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