(d) Advise on any lifetime inheritance tax (IHT) planning that could be undertak
2021-04-25
(d) Advise on any lifetime inheritance tax (IHT) planning that could be undertaken in respect of both Stuart and
Rebecca to help reduce the potential inheritance tax (IHT) liability calculated in (c) above. (7 marks)
Relevant retail price index figures are:
May 1994 144·7
April 1998 162·6
正確答案:(d) Stuart is not making use of his nil rate band, as all assets are transferred, exempt from inheritance tax (IHT), to Rebecca (asspouse) on death. He should consider altering his will to transfer an amount equivalent to the nil rate band to his son, Sam
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