P269 CEEFAX 269 Thu 31 Dec 22:21/24
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n1n1 |/ TAX GUIDE
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5 INHERITANCE TAX j
5 IHT is charged on certain lifetime j
5 gifts, on the wealth of the estate j
5 at death and on some trust deals. j
5 Tax is paid by the donor when the j
5 exemption threshold is reached. j
5 j
5 For year to 9 March: j
5 1992 1993 RATE j
5 To £140,000 To £150,000 0% j
5 Over £140,000 Over £150,000 40% j
5 j
5 j
5 Tapering relief for charges on j
5 gifts within seven years of death: j
5 Years 0-3 3-4 4-5 5-6 6-7 j
5 % payable 100 80 60 40 20 j
5 j
Source: Blay's Guides
Economy Savings Mortgages CityHeads