P278 CEEFAX 2 278 Sat 13 Jun 21:17/18       INHERITANCE TAX 1/2 Rate in year to 5 April 1999 First £223,000 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 chargj 100 80 60 40 20 Source: Ernst & Young (see page 271) Mortgages & Savings Guide 250 City A-Z TaxIndex Inc Tax Main Menu
P278 CEEFAX 2 278 Sat 13 Jun 21:15/53       INHERITANCE TAX 2/2 Exemptions for year to 5 April 1998 and 1999 Annual gifts per donor £3,000 Small gifts per donee £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 TaxIndex Inc Tax Main Menu