P288 CJJFAX 288 Sun 31Mar 2p:Q6/29 1/2 a p NHE$JTBNCE TBX 5bte in year to u April 1996 First £1k4,000 at nil: excess at 40) Rbte in year to 5 April 1997 First £200,000 at nil: excess at 40) Gifts made more than 7 years before death are tax-fuji. Charges on gifts within 7 yrs of death yrs since gift 0-3 3-4 4-5 5-6 6-7 % of full charge 100 80 60 40 20 Source: Ernst & Young (see page 281)P288 CJJFAX 288 Sun 3 Mar 20:44/24 2/2 O INHERJTBNCE TBX Exemptions for years to 5 April 1996 and 1997 Annual gifts pet donor £3,000 Small gifts per donje £250 Gifts on marriage: - from parent £5,000 - from grand-parent £2,500 - from others £1,000 Source: Ernst & Young (see page 281) Calendar COT CityHeads MonjyfileP288 CJJFAX 288 Sun 3 Mar 20:41/21 1/2 O INHERJTBNCE TBX Rbte in year to 5 April 1996 First £154,000 at nil: excess at 40% Rbte in year to 5 April 1997 First £200,000 at nil: excess at 40% Gifts made more than 7 years before death are tax-free. Charges on gifts within 7 yrs of death yrs since gift 0-3 3-4 4-5 5-6 6-7 % of full charge 100 80 60 40 20 Source: Ernst & Young (see page 281) Calendar COT CityHeads Monjyfile