On 12 November 2007 , Hazel made a gross chargeable transfer to a relevant property trust of
Question:
On 12 November 2007 , Hazel made a gross chargeable transfer to a relevant property trust of £266,000 (after deduction of exemptions). On 1 April 2013 she gave £300,000 to her grandson. These were her only transfers. She died on 17 December 2017.
Calculate the tax payable by her grandson as a result of Hazel's death. (Assume that there is no unused nil -rate band to be transferred from a previously deceased spouse or civil partner).
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