Rami, a UK domicile, died on 10 September 2020. On the date of death, he had various assets in the UK as well as few assets overseas, the market value of the assets on the date of death is as follows: Residence in which Rami stayed for 5 years) £400,000; Factory £200,000, business Van £20,000; Shares of UK company £50,000; Shares in Overseas £80,000, jewellery £45,000; cash £15,000; Insurance policy £90,000 (Insurance Proceeds on the date of death is £180,000). Rami had borrowed £120,000 for the repayment mortgage loans for the residence in 2015 and the outstanding loan on the date of death was £40,000. Also, he borrowed an Endowment mortgage loan of £80,000 for the Factory, out of this, the balance outstanding was £20,000 on the date of death. Rami's legal representatives had spent £8,000 on his funeral expenses. Also, Rami had some due on the date of death, such as Income tax due to £3,000. Rami verbally promised his niece to pay her university fees and his Niece is claiming £10,000 of her fees from the death estate. As per his Will, he kept the jewellery and Insurance policy to his wife and the balance to his son and daughter in equal share. You are required to calculate: a) Gross chargeable Estate, Taxable Estate, and Inheritance tax on Death Estate of Rami and advice the due date for payment of tax. (11 marks) (Note: The Residence Nil Rate Band (RNRB) is £175,000 and Nil Rate Band (NRB) for 2020/21 is £325,000). b) You are required to explain and compare the tax occurrence in the hands of the UK domiciled and non- UK domicile. Also, differentiate the Lifetime gift and death estate under Inheritance tax. (200-250 words) (4 marks) (Total 15 Marks)