What is the value of the assets in (2) and (3) which will be included in the calculation of Ning’s chargeable estate were she to die on 20 March 2017?

1 .On 7 July 2011, Paul made a gross chargeable transfer (after all exemptions) of ￡260,000. On 19 December 2016 he gave ￡190,000 to a trust. Paul agreed to pay any lifetime IHT due.How much inheritance tax will be payable by Paul on the December 2016 transfer of value?

A ￡28,250 B ￡31,250 C ￡29,750 D ￡23,800

题型: 单选题 提问时间: 2021-08-24

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2 .Donald made the following transactions in the tax year 2016/17:(1) A gift of ￡2,000 to his grand-daughter on the occasion of her marriage.(2) A sale of a vase to his friend, Alan, for ￡1,000 which both Donald and Alan believed to be the market value of the vase. The vase was later valued by an auction house as worth ￡20,000 at the date of the sale.Ignoring the annual exemption, what is the total value of potentially exempt transfers made by Donald as a result of these gifts?

A ￡21,000 B Nil C ￡2,000 D ￡19,000

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3 .Kirstin gave shares worth ￡150,000 to a trust on 15 September 2008 and shares worth ￡600,000 to her brother on 10 July 2013. The nil rate band in 2008/09 was ￡312,000 and in 2013/14 it was ￡325,000. Kirstin died on 23 October 2016.Ignoring the annual exemption, what is the inheritance tax payable on Kirstin’s death inrelation to her lifetime transfers?

A ￡170,000 B ￡88,000 C ￡136,000 D ￡132,160

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4 .Mary made the following gifts in the tax year 2016/17:(1) ￡1,000 on the first day of each month for nine months to her grand-son to pay university living expenses. Mary used income surplus to her living requirements to make these payments.(2) ￡100 to her grand-nephew on his birthday and a further ￡250 to the same grand-nephew as a Christmas gift. Ignoring the annual exemption, what is the total value of potentially exempt transfers made by Mary as a result of these gifts?

A ￡9,350 B ￡100 C ￡9,000 D ￡350

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5 .What is the net value for the two properties in (1) which will be included in the calculation of Ning’s chargeable estate were she to die on 20 March 2017?

A ￡1,024,000 B ￡956,000 C ￡933,600 D ￡864,000

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7 .What is the total amount of deductions (ignoring mortgage debts) which will be taken into account in the calculation of Ning’s chargeable estate were she to die on 20 March 2017?

A ￡5,500 B ￡32,500 C ￡10,100 D ￡27,900

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8 .What is the amount of Ning’s own nil rate band for calculating the inheritance tax payable in respect of her estate were she to die on 20 March 2017?

A ￡325,000 B ￡105,000 C ￡5,000 D ￡Nil

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9 .What is the amount of Ning’s husband’s nil rate band that Ning’s personal representatives could claim were she to die on 20 March 2017 and by when should the claim be made? Amount Claim

A ￡227,500 By 31 March 2019 B ￡227,500 By 30 September 2017 C ￡199,500 By 31 March 2019 D ￡199,500 By 30 September 2017

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10 .对基本商品、农业生产资料、图书杂志等，增值税税率为（　）。

A 13% B 3% C 5% D 17%

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