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Maria died on 22 March 2025 leaving a chargeable estate valued at £495,000. She had made gross chargeable lifetime transfers of £83,000 on 1 June 2023 and £47,000 on 7 April 2016. How much inheritance tax is payable in respect of Maria’s chargeable estate of £495,000?
the answer is 101200
why wasnt 83000-3000-3000 done?
by doing this i got 98800
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