Donor wishes to gift a property worth £350,000.
Day 1 - Gift 10% to daughter - value, £35,000, but loss to estate £66,500.
Day 2 - Gift of balance to RPT. Value passing into trust £283,500
Day 1 - Gift of 90% to RPT - value £315,000 but loss to estate value is £318,500.
Day 2 - Gift 10% to daughter - Value of gift £31,500.
Make both gifts on the same day - presumably the gift to the trust would therefore be value at £315,000 and £35,000 for the gift to the daughter.
Is the above correct and for ten yearly charge purposes, are both gifts made on the same day aggregated?
I Will Solicitors Ltd