Toby dies on 2 March 2024, leaving an estate valued at 400,000. None of the transfers made
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Toby dies on 2 March 2024, leaving an estate valued at £400,000. None of the transfers made on death are exempt from IHT. Calculate the IHT due on the estate if the total of the gross chargeable transfers made by Toby in the seven years up to his death was:
(a) Nil
(b) £125,000
(c) £370,000.
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