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Forums › ACCA Forums › ACCA TX Taxation Forums › NRB
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.
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.
