Fon Fon had made the following cash gifts during her lifetime: Fon paid the inheritance tax arising from the gift of 460,000 to the trust. The nil rate band for the tax year 202021 is 325,000. What is the amount of lifetime inheritance tax which will have been paid by Fon in respect of the cash gift of 460,000 made to a trust on 13 May 2020 ? 26,400 113,500 33,000 114,250