(c) Without changing the advice you have given in (b), or varying the terms of Luke’s will, explain how Mabel
could further reduce her eventual inheritance tax liability and quantify the tax saving that could be made.
(3 marks)
The increase in the retail prices index from April 1984 to April 1998 is 84%.
You should assume that the rates and allowances for the tax year 2005/06 will continue to apply for the
foreseeable future.
正确答案：(c) Further adviceMabel should consider delaying one of the gifts until after 1 May 2007 such that it is made more than seven years after thegift to the discretionary trust. Both PETs would then be covered by the nil rate band resulting in a saving of inh
