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Amal owns the following assets: (1) Two investment properties respectively valued at 674,000 and 442,000. The first property has an outstanding repayment mortgage of 160,000.

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Amal owns the following assets: (1) Two investment properties respectively valued at 674,000 and 442,000. The first property has an outstanding repayment mortgage of 160,000. (2) Vintage motor cars valued at 172,000. (3) Investments in Individual Savings Accounts valued at 47,000, National Savings & Investments savings certificates valued at 36,000, and government stocks (gilts) valued at 69.000. Amal owes 22,400 in respect of a personal loan from a bank, and she has also verbally promised to pay legal fees of 4,600 incurred by her nephew. Her reasonable funeral expenses will amount to 5,500. Amal's husband died on 12 March 2007. On 14 August 2008 Amal had made a gift of 90,000 to her daughter, and on 7 November 2018 she made a gift of her main residence, worth 220,000, to her son. Based on previous information in the case, answer the following questions 4. What is the amount of Amal's own nil rate band for calculating the inheritance tax payable in respect of her estate were she to die on 20 March 2020? Amal owns the following assets: (1) Two investment properties respectively valued at 674,000 and 442,000. The first property has an outstanding repayment mortgage of 160,000. (2) Vintage motor cars valued at 172,000. (3) Investments in Individual Savings Accounts valued at 47,000, National Savings & Investments savings certificates valued at 36,000, and government stocks (gilts) valued at 69.000. Amal owes 22,400 in respect of a personal loan from a bank, and she has also verbally promised to pay legal fees of 4,600 incurred by her nephew. Her reasonable funeral expenses will amount to 5,500. Amal's husband died on 12 March 2007. On 14 August 2008 Amal had made a gift of 90,000 to her daughter, and on 7 November 2018 she made a gift of her main residence, worth 220,000, to her son. Based on previous information in the case, answer the following questions 4. What is the amount of Amal's own nil rate band for calculating the inheritance tax payable in respect of her estate were she to die on 20 March 2020

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