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In UK, gifts in consideration of marriage (CP) are exempt transfers up to a maximum of __________if given by each parent.
Suggested Answer: A
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25 comments · newest first
PA
Pamella
2 days ago
I’m leaning towards B) 2,500. Feels more realistic.
PA
Paris
7 days ago
Definitely A) 5,000. Makes sense for parents.
EV
Evette
12 days ago
I remember it being A) 5,000 from my studies.
LA
Lamonica
17 days ago
I feel like it’s lower, maybe B) 2,500?
ZO
Zoila
23 days ago
I think it's A) 5,000. Seems reasonable.
LA
Lauran
28 days ago
I agree with Keena. A) 5,000 is the max.
CA
Caren
1 month ago
D) 250 seems too low for parents.
RU
Ruthann
1 month ago
I lean towards C) 1,000. Feels too high otherwise.
MA
Margurite
1 month ago
I remember it being higher. A) 5,000 sounds right.
LE
Lenita
2 months ago
I feel unsure. Maybe B) 2,500?
KE
Keena
2 months ago
I think it's A) 5,000. Seems reasonable.
AM
Amos
2 months ago
I thought it was lower, like £2,500.
CR
Cristy
2 months ago
Yup, definitely £5,000! Helps a lot with wedding costs.
RE
Ressie
2 months ago
Wait, is it really that high? Sounds too good to be true.
KI
Kimberely
2 months ago
Totally agree, it's a nice amount for weddings.
DE
Dean
3 months ago
It's £5,000 from each parent!
IZ
Izetta
3 months ago
Nope, definitely £5,000!
IS
Isreal
3 months ago
I thought it was lower, like £1,000.
FR
Francine
3 months ago
Wait, are you sure it's not £2,500?
GL
Glenn
3 months ago
Totally agree, that's a nice amount.
ST
Stanford
4 months ago
It's £5,000 from each parent!
MA
Mattie
4 months ago
I’m pretty confident it’s £5,000 for each parent, but I should double-check that before the exam.
ST
Stefany
4 months ago
I feel like the answer might be £1,000, but I can't recall the exact details from my notes.
VI
Viola
4 months ago
I remember practicing a similar question, and I think it was about £2,500 for gifts from grandparents, which confuses me a bit.
GR
Gracia
6 months ago
I think the maximum exemption for gifts from parents is £5,000, but I'm not entirely sure.