American_Bankers_Association
CTFA · Question #1
On Brian's death, his estate was valued at £820,000. He bequeathed £40,000 to a registered charity and split the balance equally between his registered civil partner and his brother. Assuming he made
Sign in or unlock CTFA to reveal the answer and full explanation for question #1. The question stem and answer options stay visible for context.
Question
On Brian's death, his estate was valued at £820,000. He bequeathed £40,000 to a registered charity and split the balance equally between his registered civil partner and his brother. Assuming he made no lifetime transfers, what will the Inheritance Tax liability be?
Options
- A£22,750
- B£26,000
- C£29,750
- D£34,000
Unlock CTFA to see the answer
You've previewed enough free CTFA questions. Unlock CTFA for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.