TXF6 UK
Syllabus D. Inheritance Tax D1. Basic principles of computing transfers of value

D1b. Transfer of value, Chargeable Transfer, Potentially Exempt Transfer

Question 1 of 2

D1b. Transfer of value, Chargeable Transfer, Potentially Exempt Transfer

Fabrice died on 20 January 2019. During his lifetime he made the following gifts:

20 February 2008 £300,000 to his son
22 March 2011 £400,000 to a discretionary trust
30 September 2017 half share in the family home, worth £250,000 to    his daughter
24 December 2018 £800,000 to his wife

On which gifts will inheritance tax be payable as a result of Fabrice’s death?