Rose dies on 10 July 2023, leaving an estate valued at 525,000. None of the transfers made
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Rose dies on 10 July 2023, leaving an estate valued at £525,000. None of the transfers made on death are exempt from IHT apart from a bequest to the RSPCA (which is a UK charity). Rose made no chargeable transfers in the seven years prior to her death. Calculate the IHT due on the estate if the amount of the bequest to the RSPCA was:
(a) £10,000
(b) £30,000.
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a The gift to charity is an exempt transfer and the ...View the full answer
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