Tania makes no transfers during 2015 -16. Her only transfers during 2016-17 and 2017-18 are as follows:
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Tania makes no transfers during 2015 -16. Her only transfers during 2016-17 and 2017-18 are as follows:
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2016-17 June 2016 October 2016 January 2017 March 2017 2017-18 July 2017 August 2017 Gift to her son on his marriage Gift to her granddaughter Gift to Oxfam (a charity) Gift to a friend Gift to her nephew Gift to her cousin CH 6,000 4,500 10,000 100 1,000 3,500 Calculate the value of each of the above transfers after deduction of all the relevant exemptions. None of the gifts are regarded as normal expenditure out of income.
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AE Annual exemption 201617 Gift to son on marriage 6000 5000 Gift to granddaughter Gift to charity ...View the full answer
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