moneymail quiz 26/12 q.2,10,

[rls]

hi there, first poster here

i've been doing this quiz for hours, cannot find these answers:

q.2, how much can a husband, wife or civil partner leave before having to pay inheritance tax?
a �300,000
b�600,000
c�1million
dnothing

i think it a �300,000 but is it a trick question, as a spouse leaving money to a spouse doesnt count for inheritance tax, not sure about that one?

also q.10
northern rock became the first bank to have a run on its savings for more than century. Its shares have plummeted to less than a pound each. what were they worth at their peak this year?
a �10.33
b�11.61
c�12.51
d�13.46

normally good at searching but can't find this info anywhere, lol

anyone know? thanks to all that post the answers on here by the way, good night i'm off to bed now,lol

[kempie]

Gifts to a spouse or civil partner given prior to death are indeed exempt from IHT however there are conditions on the size of Exempt Estates which attract no IHT liability...

http://www.hmrc.gov.uk/cto/customerguide/page3 .htm

Northern Rock...

http://news.bbc.co.uk/1/hi/business/7002128.st m

[amalgam]

I think the answer is simply �300,000

[rls]

thanks for the replies

i thought it was �300,000 but in the link provided by kempie it mentions �1million for spouses/civilpartners, so i am still not sure about that one

[ninab]

Hi

I think it was �300,000, but is now �600,000

�12.51

Any ideas on the answer to q13, 13 & 20.

Thanks