Rates on cumulative transfers - 2006/07
First £285,000 @ nil%
Excess @ 40%

Exemptions £
Annual gifts per donor 3,000
Small gifts per donee 250
For marriage  
- parent 5,000
- grandparent 2,500
- other 1,000
Gifts to individuals and certain trusts made more than seven years before death.
Charge on gifts within seven years of death
Intervening years 0-3 3-4 4-5 5-6 6-7
% of full charge 100 80 60 40 20
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