Angelica gave 415,000 to her daughter on her marriage on 14 July 2015. She paid any IHT due at the time. Angelica died on 2 February 2021 and left the following items in her estate: House 1,250,000 Shares in listed companies 25,000 Life assurance policy at market value 250,000 Furniture and personal belongings 68,000 35,000 Jewellery Savings at bank 4,500 Though Angelica's life assurance policy had been valued just before her death, the eventual payout was 265,000. Angelica had some debts at the time of her death: House mortgage 75,000 Overdraft on current account 1,500 Utility bills 950 Charity donation promised to local hospice 150 The undertaker will charge 5,790 for organising the funeral and wake. Required: 1. Calculate the chargeable amount and any tax arising from the lifetime gift, when made (3 marks) 2. Calculate any tax payable on the gift on death assuming she made no other gifts (3 marks)