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Melvin died on 6 March 2021 leaving an estate worth £2,000,000. His estate included a
holiday home in the UK worth £400,000 which he left to his sister. He left the rest of his estate
to his daughter and appointed a friend to act as executor.Could you please explain why the sister will neither suffer or pay and the daughter has to suffer tax? Thank you
Once again this issue is dealt with in the study notes (bottom of page 130 and in Illustration 2 that follows) and therefore is also discussed in the lecture – please refer back and let me know if you have then understood the answer that was given to the question you quoted.
Hi,
I do not get it and I cannot find it in the latest note, can you explain?
Thanks!
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