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5 Cards in this Set
- Front
- Back
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Value to use on Gifted assets: |
Probate value = Value at death Not what it cost the gifter! |
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What are the Share matching rules? |
Share matching rules: 1. Same day 2. 30 days 3. Share pool |
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Share valuations where shareholding and share prices are given: I.e 45-55% = £60 |
Valuation is the higher of: - With related property rules - Without related property rules
Related property = Spouse or Charity gift |
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RNRB Rules: |
£175,000 Unused RNRB can be transferred from spouse
Tapered down if estate is over 2mil |
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Transfer of Nil rate band from Spouse |
Transfer Unused Nil rate band = £325k x % unused by spouse
Spouse nil rate band % = Unused / NRB £325k - Gifts on death |
