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).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: