DTR and illustration
You'll learn how double taxation relief works in inheritance tax, and why it matters when someone leaves overseas assets. This video shows you that DTR is a tax credit based on the lower of UK tax or overseas tax paid on the same asset—and how to calculate the correct estate rate using the gross estate, even when the
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In this lesson
- 0:00 Double taxation relief in IHT
- 0:19 How double taxation relief works
- 1:06 Calculating estate rate for overseas assets
- 2:45 Working out the lower relief amount
About this lesson
nil rate band is involved. You'll work through a complete illustration calculating IHT on a mixed estate with overseas shares, including the 5% cap on overseas admin costs, so you can apply this confidently in exam questions on inheritance tax planning.
Duration: 4m
Transcript
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