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Remember that the price of 18 per share applies to 8 Dec 2010.
The price of 20 per share applies on the date of death – 1 April 2012 (assuming over that period of time the shares actually increased in value!!)
Example 2 p 145
Lifetime transfers chargeable when made.
As there was a PEP of 100,000 the previous year then shouldn’t the calculation be:
150,000 @ 0%
12,000 @ 25%
Thanks in advance
Absolutely brilliant!! Thanks for that!
In example 1 Joe Kerr, why are the remaining shares valued at £20 per share when calculating the chargeable estate at death rather than the £18 per share calculated prior?
The £20 was a given.
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