Wilson dies on 20 December 2020, having made only the following transfers during his lifetime: Calculate the

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Wilson dies on 20 December 2020, having made only the following transfers during his lifetime:

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Calculate the IHT payable during Wilson's lifetime (if any) in relation to each of the above transfers, assuming that Wilson paid this tax himself. Also calculate any further IHT payable in relation to these transfers on Wilson's death.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 16, 2024 03:00 AM

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Wilson dies on 20 December 2020, having made only the following transfers during his lifetime: Calculate the

Question:

6 June 2010 4 March 2014 11 January 2015 Gift to daughter Gift to relevant property trust Gift to son on marriage 50,000 516,400 50,000

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The value of each gift after deduction of exemptions is as follows Value AE for before current AE ye...View the full answer

Taxation Finance Act 2020

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