What is the value of the potentially exempt transfer, Taxation

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What is the value of the potentially exempt transfer

Assignment task: UK TAX

Travis made the following lifetime transfers of value for inheritance tax purposes:

1) 25 December 2020 - £2000 as a Christmas gift to his nephew

2) 10 May 2021 - £15000 as a 21st Birthday to his niece.

What is the value of the Potentially Exempt Transfer on 10 May 2021 after all lifetime exemptions have been deducted?

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Taxation: What is the value of the potentially exempt transfer

Reference No:- TGS03285820

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