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

With respect to the Income Tax Structure in Singapore, if the income of an individual is below______________ the tax rate is 0%.

Which of the following statement(s) about Nil Rate Band is/are correct?

Individuals who receive employment income in Singapore and who are tax residents of countries that have concluded double tax treaties with Singapore may be exempt from Singapore income tax if their period of employment in Singapore does not exceed a certain number of days, usually _______ in a calendar year or within __________ and if they satisfy certain additional criteria specified in the treaties.

Which of the following statement(s) about FDAP Income is/are correct?

In Singapore, If an individual does not agree with the assessment raised, he she have to lodge an objection in writing within ________from the date of issue of notice of assessment; otherwise the assessment will automatically become final. Singapore has entered into tax treaties with _____________.

As per __________ of Income Tax Act, 1961 discretionary trust created through the Will is liable to Normal rates of Income Tax are as applicable to an Association Of Persons (AOP) or individual.

Which of the following statement(s) about Credit Shelter Trust is/are correct?

A trustee commuting a breach of trust not liable to pay interest except

Mr. Arun mortgages a certain plot of building land to Mr. Sumit and afterwards erects a house on the plot. For the purpose of his security, Mr. Sumit is entitled to ______________.

There is no overall limit on how much a person can have invested in ISA accounts, but additional investments are currently limited to ________per person per year: a maximum of _________ in cash funds, with the balance being allocated either to mutual funds (Units Trusts and OEICs) or individual self-selected shares.