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P278 CEEFAX 2 278 Thu 25 Dec 23:04/46   1/2     INHERITANCE TAX Rate in year to 5 April 1998 First £215,000 at nil: excess at 40% 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 271) City A-Z TaxIndjx Inc Tax Main Menu

P278 CEEFAX 2 278 Thu 25 Dec 23:04/03   2/2     INHERITANCE TAX Exemptions for year to 5 April 1998 Annual gifts per 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 271) City A-Z TaxIndjx Inc Tax Main Menu