P282 CJ FAX 280 Sat 4 Nov 23:1k/30 INCOME TBX Principbl Income Tbx Reliefs 281 Other Income Tax Reliefs 281 INHERITANCE TAX Tax 6bte 282 Annual Exemptions 282 Tbpjring Relief 282 CAPITBL GAINS TBX Rate of taxation 2<3 Exemptions 283 Retail Price Index 284 LL Mortgage and Savings Guide 260 Annuities 270 IncomjTax Inhjrij-ax COT 5PIP282 CEEFAX 282 Sat 4 Nov 23:55/22 INHERJTBNCE TAX Until 5th Tax Rates April 1996 First £154,000 nil Excess 40% death Excess 20% lifetime EXEMPTIONS Annual gifts per donor £3,000 Small gifts per donor £250 Gifts for marriage: - from parent £5,000 - from grandparent £2,500 - from others £1,000 Mortgage and Savings Guide 260 1/2 COT UPI Monjyfile AnnuitiesP282 CJEFAX 282 Sat 4 Nov 23:51/26 INHERJTBNCE TAX Until 5th Tbx Rates April 1996 First £154,000 nil Excess 40% death Excess 20% lifetime Gifts to certain individuals and certain trusts made more than sjvjn years before death are tax-free. Charges on Gifts Made Within Seven Years of Death Years since gift 0-3 3-4 4-5 5-6 6-7 % of full charge 100 80 60 40 20 Mortgage and Savings Guide 260 2/2 COT UPI Monjyfile Annuities