P269 CEEFAX 269 Thu 7 Oct 21:26/21 1/3 TAX GUIDE INHERJTBNCE TAX IH i charge on c rain ifetim gifts, on the wealth of the estate at death and on some trust deals. Tax is paid by the donor when the exemption threshold i r ach d. For year to 5 April: 1993 01994 R TE To £150,800 To £1 0, 90 0%2 Over £1u0,000 Over £150,000 40% Tapering relief for charges on gifts within seven years of death: Years -3 3-4 4- 5 6-7 % plyable 109 88 6 4p 20 Source: Blay's Guides Econom Savings Mortgag s CityHeadsP269 CEEFAX 269 Thu 7 Oct 21:12/33 ] 2/3 TAX GUIDE EXEMPTIONS FROM INHERITANCE TAX 1992/3 1993/4 Gift per donor pa £3,000 £3,000 Gifts per donee £250 £250 Marriage Gifts: from parent £5,000 £5,000 from grandparent £2,500 £2,500 from other £1,000 £1,800 Gifts to individuals and certain trusts over 7 years before death. No IHT is payable on transfers to a surviving spouse. Source: Blay's Guides Economy Savings Mortgages CityHeadsP269 CEJFAX 269 Thu 7 Oct 21:28/17 G O TAX GUIDE OTHER TAXES Value Added Tbx ] standard rate 17.5% Stamp Duty - shares 8.5% ] land transfers (£60,000 or more) 1.0% Vehicle Licence - 12 months £125.00 Television Licence - colour £83.00 - black and white £27.50 Economy Savings Mortgages AityHeads