Larry died on 1 November 2023 leaving an estate valued at £300,000. He had never had a wife or civil partner and he left his estate to his best friend. On 1 October 2015 he had set up a discretionary trust and made a gross chargeable transfer to this trust of £275,000 (after deducting exemptions). His only other lifetime transfers were as follows:

Required:

Calculate the IHT payable (if any) on each of the four gifts and on the estate at death.