Phoebe made the following transfers during 2017-18: 12 April 2017 17 May 2017 3 August 2017 31
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Phoebe made the following transfers during 2017-18:
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12 April 2017 17 May 2017 3 August 2017 31 October 2017 1 January 2018 Gift to grandson Gift to her nephew on his marriage Gift to her husband Gift to a relevant property trust Gift to the Labour Party 50 3,000 25,000 10,000 5,000 None of the gifts are regarded as normal expenditure out of income. Phoebe made no transfers at all during 2016-17. Calculate the value of each of her 2017-18 transfers after deduction of all the available exemptions.
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The image provided lists several gifts made by Phoebe in the tax year 201718 none of which are regarded as normal expenditure out of income The gifts are 1 50 to her grandson on April 12 2017 2 3000 t...View the full answer
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