IHTM22103 - Cross references: model cross reference
|
F600777/02Z |
|
|
|
HUNTER dec’d ( d 02.02.02) |
|
|
Jane Driver (sis) |
d 11.11.00 |
|
|
|
F300111/00T |
|
|
PE £90,744 |
IHT paid £12,697.60 |
|
|
RE £175,000 |
CLOSED |
By Will
- Pecuniary legacies of £25,000 (none to deceased)
- 1/3 share of residue to deceased abs.
Net Estate |
|
|
£265,744 |
|
Less |
IHT |
£12,697 |
|
|
|
Legacies |
£25,000 |
|
|
|
Costs (approx) |
£8,000 |
|
|
|
|
|
|
£45,697 |
Residue |
|
|
|
£220,047 |
|
|
|
|
|
Therefore dec’d’s 1/3 share = |
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|
£73,349 |
|
- £73,555 included in IHT400 - acceptable, subject to DV
QSR(IHTM22041)
Net estate |
|
|
£265,744 |
|
Less |
legacies |
£25,000 |
|
|
|
IHT |
£12,697 |
|
|
|
|
|
|
£37,697 |
|
|
|
|
£228,047 |
|
|
|
|
|
Dec’d’s 1/3 share = |
|
|
£76,016 |
|
Relief therefore: |
|
|
|
|
76,016 |
x 12,697 x 80% |
= |
|
£2,905.58 |
265,744 |
|
|
|
|
X-Ref’d
Sign:
Date:
