AAFM CTEP - Chartered Trust & Estate Planner® (CTEP®) Certification Examination

Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).

In UK, gifts in consideration of marriage (CP) are exempt transfers up to a maximum of __________if given by each parent.

Which of the following statements about Earned Income Tax Credit (ETIC) is are correct?

_____________ is for Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and___________ if for Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding.

Mr. Shikar wants to invest his savings in an account that pays an interest rate of 9.25% p.a. compounded annually at different ages of his son whose current age is 4 years. Please calculate for him the Future Value of these investments when his son turns 18.

Under English law, an individual acquires at birth the domicile of the person on whom he or she is legally dependent, which the individual retains until reaching the age of _____________.

During the PY 2009-10 a Kariwala Charitable Trust earned an income of Rs. 7 lakh out of which Rs.5 lakh was received during the PY 2009-10 and the balance Rs. 2 lakh was received during the PY 2011-2012.In order to claim full exemption of Rs. 7 lakh in the PY 2009-10:

Supplementary Retirement Scheme (SRS) relief for Singapore Permanent Resident is _____________ and for foreigner is ___________.

Which of the following are the rights of the beneficiaries?

Mrs. Brown is a widow with four children. Her husband left his estate completely to her on his death. When Mrs. Brown dies, her estate on death includes:-

The funeral expenses of Mrs. Brown amount upto £1,900. Find out the amount of estate that would be distributable to each beneficiary.