Bill, a single man, having made full use of his annual gift allowances, made a potentially exempt transfer of £100,000
Posted: Tue Mar 08, 2022 1:07 pm
Bill, a single man, having made full use of his annual gift allowances, made a potentially exempt transfer of £100,000 four and a half years before his death. He has made no other gifts. His residual estate is now valued at £500,000. The Inheritance Tax liability at death is:
A. £30,000
B. £46,000
C. £94,000
D. £110,000
A. £30,000
B. £46,000
C. £94,000
D. £110,000