AAFM
CTEP
Q1:
Which of the following income comes under ''FDAP Income''?
○
A
Both (i) and (ii)○
B
All except (iv)○
C
All except (iii)○
D
All of the above
AAFM
CTEP
Q2:
Which of the following statement(s) about Nil Rate Band is/are correct?
○
A
Both (i) and (ii)○
B
Only (i)○
C
Only (ii)○
D
Neither (i) nor (ii)
AAFM
CTEP
Q3:
Where a transfer of value is from a UK-domiciled spouse to a non-UK domiciled spouse, then the exempt transfer is limited to ________. For annual exemption, each individual can transfer an exempt amount of up to________ per year.
○
A
45,000; 3,000○
B
55,000; 3,000○
C
45,000; 5,000○
D
55,000; 5,000
AAFM
CTEP
Q4:
Which of the following transfers are exempt from Inheritance Tax?
○
A
Only (i)○
B
Only (ii)○
C
Both (i) and (ii)○
D
Neither (i) nor (ii)
AAFM
CTEP
Q5:
Which of the following statement(s) about Chargeable Lifetime Transfers is/are correct?
○
A
Only (i)○
B
Only (ii)○
C
Both (i) and (ii)○
D
Neither (i) or (ii)