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- May 16, 2020 at 11:02 am #571013
On 31 March 2013, Martha gave £500,000 to her daughter as a wedding present. On 1 April 2014 she gave £497,000 to a relevant property trust. Martha died on 1 January 2020, having made only these two transfers during her life.
(a) Calculate any lifetime tax due on each of the above transfers and state the due date of payment, assuming that Martha paid this tax herself.
(b) Calculate any further tax due on Martha’s death in relation to these transfers.
May 16, 2020 at 11:48 am #571022Tell me what you did not understand in the answer and I will try to help. The question however suggests that you have not worked through the OT lectures and study notes and worked the examples therein – that must be done before you attempt any other questions.
July 15, 2020 at 10:12 am #576867AnonymousInactive- Topics: 9
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hello,
in tx-uk, the titles and lecture videos of 24.7 and 24.8 are reversed, please ask the admin to rearrange them correctly as soon as possible.best regards,
MohammedJuly 15, 2020 at 4:47 pm #576907I shall inform the admin department immediately
July 18, 2020 at 10:41 am #577287AnonymousInactive- Topics: 9
- Replies: 48
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@Taxtutor said:
I shall inform the admin department immediatelyThe issue has been resolved, thanks!
July 19, 2020 at 10:15 am #577359AnonymousInactive- Topics: 9
- Replies: 48
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@mohammed31071996 said:
The issue has been resolved only on opentuition’s website, but on ot’s youtube page the titles to the videos mentioned above are misleading, please ask the admin to do the needful, thank youJuly 20, 2020 at 1:05 pm #577459I will pass your message on
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