P282 CEEFAX 282 Fri 29 Dec 00:47/35 INHERITANCE TAX Until 5th Tax Rates April 1996 First £154,000 nil Excess 40% death Excess 20% lifetime EXEMPTIONS Annual gifts pet donor £3,000 Small gifts pet donor £250 Gifts for marriage: - from parent £5,000 - from grandparent £2,500 - from othjts £1,000 Mortgage and Savings Guide 260 1/2 COT UPI Monjyfili AnnuitiesP282 CEEFAX 282 Fri 29 Dec 01:40/10 INHERITANCE TAX Until 5th Tax 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