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AAFM CTEP Exam - Topic 8 Question 79 Discussion

In UK, gifts in consideration of marriage (CP) are exempt transfers up to a maximum of __________if given by each parent.
A) 5,000
B) 2,500
C) 1,000
D) 250

AAFM CTEP Exam - Topic 8 Question 79 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 79
Topic #: 8
[All CTEP Questions]

In UK, gifts in consideration of marriage (CP) are exempt transfers up to a maximum of __________if given by each parent.

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Suggested Answer: A

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Gracia
1 month ago
I think the maximum exemption for gifts from parents is £5,000, but I'm not entirely sure.
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