Tania makes no transfers during 2018-19. Her only transfers during 2019-20 and 2020-21 are as follows: Calculate

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Tania makes no transfers during 2018-19. Her only transfers during 2019-20 and 2020-21 are as follows:

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Calculate the value of each of the above transfers after deduction of all the relevant exemptions. None of the gifts are regarded as normal expenditure out of income.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 16, 2024 03:00 AM

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Tania makes no transfers during 2018-19. Her only transfers during 2019-20 and 2020-21 are as follows: Calculate

Question:

2019-20 June 2019 October 2019 January 2020 March 2020 2020-21 July 2020 August 2020 Gift to her son on his marriage Gift to her granddaughter Gift to Oxfam (a charity) Gift to a friend Gift to her nephew Gift to her cousin CH 6,000 4,500 10,000 100 1,000 3,500

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AE Annual exemption 201920 Gift to son on marriage 6000 5000 Gift to granddaughter Gift to charity ...View the full answer

Taxation Finance Act 2020

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