On 1 July 2014, Sameer made a cash gift of £2,500 to his sister.
On 1 May 2015, he made a cash gift of £2,000 to a friend.
On 1 June 2015, he made a cash gift of £50,000 to a trust.
Sameer has not made any other lifetime gifts.
In respect of Sameer’s cash gift of £50,000 to the trust, what is the lifetime transfer of value for inheritance tax
purposes after taking account of all available exemptions?
A £48,500
B £44,000
C £46,000
答案：£400
Secondly plc has over 250 employees so the penalty is £400.
