Respected Concern
If you make the solution of the following question i will get my answer.
The question is:
Dee ceased died on 01 March 2015 with a Chargeable Estate £500,000 having made the following gifts:
01 August 2009 £278,000 cash into a trust
01 September 2009 £296,000 cash to son
Required:
a. Calculate the IHT on lifetime gross transfers chargeable on death?
b. Calculate the IHT on Death Estate?
Ask the Tutor ACCA TX-UK
Inheritance Tax
I think it would be a better idea if you show me your answer based on your reading of the OT study notes and I will tell you whether you are right!
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