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9 During the tax year 2014–15, Mildred made the following cash gifts to her grandchildren:
(1) £400 to Alfred
(2) £140 to Minnie
(3) A further £280 to Minnie
(4) £175 to Winifred
Which of the gifts will be exempt from inheritance tax under the small gifts exemption?
A 1, 2, 3 and 4
B 2, 3 and 4 only
C 2 and 4 only
D 4 onlyCan you help me with this? The answer given was D, with no explanation. However, the book says small gifts up to 250 are exempt from inheritance tax.
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