(b) State the immediate tax implications of the proposed gift of the share portfolio to Av

(b) State the immediate tax implications of the proposed gift of the share portfolio to Avril and identify an

alternative strategy that would achieve Crusoe’s objectives whilst avoiding a possible tax liability in the

future. State any deadline(s) in connection with your proposed strategy. (5 marks)

(b) Gift of the share portfolio to AvrilInheritance taxThe gift would be a potentially exempt transfer at market value. No inheritance tax would be due at the time of the gift.Capital gains taxThe gift would be a disposal by Crusoe deemed to be made at ma