P288 CJEFAX 288 Mon 27 May 00:14/44 1/2 £ £ £ £ £ £ £ INHERITANCE TBX Rate in year to 5 April 1996 First £154,000 at nil: excess at 40% Rate 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 MonjyfiliP288 CJJFAX 288 Mon 27 May 00:32/18 2/2 INHERITANCE TAX Exemptions for years to 5 April 1996 and 1 97 Annual gifts per donor £3,000 Small gifts per donje £250 Gifts on marriage: - from parent £5,000 - from grand-qbrint £2,500 - from others £1,000 Source: Ernst & Young (see page 281) Calendar COT CityHeads MonjyfileP288 CEJFAX 288 Mon 27 May 00:45/19 N W OI WU T n bl g fts pj dong £3 00 p dh d b p p p @ GYftg on mbrriagj:a @ @ R0@ Q mafrom pbrent £k]ppp R (h p - f om gran - br nt £2 00 -Qftom others £1,000 d d p pp p p Source:)Ernst & Ywung (uje xakj 281) Calundar COT 0B ixyHiad; MonjyfiluP288 CKJFAX 288 Mon 27 May 00:1:/11 1 2 ^ T NH TALCS X S Mbtc in year to April 1996 Br Air@ 500 65 6y 76 2 @ 7 11 Rps in yja0 to 5 April 2 97 Boots 550 60 64 72 2 p7 14 Tn1p Q600 17 p31 4p @17 24 31 Gifts m j5mor th n 7 yea bjfo8 6 eP F 50P Q78 <3 88 T1 T3 6 Charges on 0jfts within 7 y s of djat3 r 2 yrs|sjnca gi ) 0-8 Q-4 4 165-1z6-7 a 0 1 6 3 @ J @ull c b g @ 80 6 0 At: 0845 0945 1115 1315 1515 1655 1735 C C&C C£ C Souoce:gvrnst & Young (nj pag 28 ) Calendar GCGT CityHiai Monlyfiu