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PLEASE BE QUICK!! THANKS!!! Question 6 f 20,000 760,000 Courtney made the following gifts: 6 May 2015 Gift to her granddaughter on her marriage 16
PLEASE BE QUICK!!
THANKS!!!
Question 6 f 20,000 760,000 Courtney made the following gifts: 6 May 2015 Gift to her granddaughter on her marriage 16 December 2016 Gift to a property trust 26 February 2017 Gift to her nephew on his marriage 4 December 2019 Gift to her brother Courtney paid the lifetime tax herself if anything was due. 10,000 10,000 A Required: Indicate which transfers are Chargeable lifetime transfers and which are Potentially Exempt. Calculate any lifetime tax due and state the due date/dates of payment. B Courtney died on 29 March 2021, leaving an estate valued at 650,000, which includes her primary residence valued at 350,000. The entire estate falls to her son. Required: Calculate any further inheritance tax due on Courtney's death and state the due te(s) of payment (Total 25 marks)Step by Step Solution
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