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AAFM CTEP Exam - Topic 2 Question 14 Discussion

You are a Trust and Estate Planner. Mr. Sumit, your client comes out you with the following data and wants to know for which the years he is resident or not.He left UK on 10th March 2008 to work full-time abroad and visited UK for:74 days in the tax year 2008--09; 98 days in the tax year 2009--10; 92 days in the tax year 2010--11; 79 days in the tax year 2011--12Assume the following only for this question:-320 days in the remainder of the tax year 2008-2009;365 days in the tax year 2009-10; 366 days in the tax year 2010--11; 366 days in the tax year 2011-2012.Your reply to Mr. Sumit is --''For the year 2009-2010 you are ______________, for year 2010- 2011 you are _______ and for the year 2011-2012 you are ______________''
B) Non-Resident; Resident; Non-Resident
A) Non-Resident; Non-Resident; Non-Resident
C) Resident; Non Resident; Non-Resident
D) Resident; Resident; Resident

AAFM CTEP Exam - Topic 2 Question 14 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 14
Topic #: 2
[All CTEP Questions]

You are a Trust and Estate Planner. Mr. Sumit, your client comes out you with the following data and wants to know for which the years he is resident or not.

He left UK on 10th March 2008 to work full-time abroad and visited UK for:

74 days in the tax year 2008--09; 98 days in the tax year 2009--10; 92 days in the tax year 2010--11; 79 days in the tax year 2011--12

Assume the following only for this question:-

320 days in the remainder of the tax year 2008-2009;365 days in the tax year 2009-10; 366 days in the tax year 2010--11; 366 days in the tax year 2011-2012.

Your reply to Mr. Sumit is --''For the year 2009-2010 you are ______________, for year 2010- 2011 you are _______ and for the year 2011-2012 you are ______________''

Show Suggested Answer Hide Answer
Suggested Answer: B

by Shawnda at Nov 20, 2022, 04:01 PM

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Ben
10 months ago
I agree, but I'm surprised about the 2011-12 status!
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Glory
10 months ago
Definitely non-resident for 2009-10, that's clear.
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Cassie
11 months ago
Wait, how can he be non-resident with that many visits?
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Cecilia
11 months ago
I think he might be resident for 2010-11, though.
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Daron
11 months ago
Looks like he's non-resident for all those years.
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Sabine
11 months ago
I thought if he spent less than 90 days in the UK, he could be Non-Resident, but I'm confused about the specifics for each year.
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Rory
11 months ago
I practiced a similar question where the number of days was crucial. I feel like he could be Resident for 2010-2011, but I need to double-check the thresholds.
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Bernardo
11 months ago
I think for 2009-2010, he might be a Non-Resident since he was abroad for most of the year, but I can't recall the exact rules.
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Margery
11 months ago
I remember something about the number of days spent in the UK affecting residency status, but I'm not sure how it applies here.
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Ressie
11 months ago
I'm feeling pretty confident about this one. The cost-sensitivity of the organization is the main constraint, so I think option B is the way to go - increasing the size of the Parquet files to 1 GB minimum. That should help reduce the overhead of the shuffling operations.
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Darrel
11 months ago
Hmm, I'm a little unsure about this one. I know authentication and identification are related to access control, but I can't quite remember which one is specifically about determining what a subject can do. I'll have to think this through carefully.
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Karrie
11 months ago
This seems straightforward enough. I'll need to navigate to the right place in the Dynamics 365 portal and update the currency translation type to Current. That should give me the reporting currency value I need for the fixed assets.
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Emile
11 months ago
Okay, let's see. I'm pretty sure option A is false, since BGP doesn't advertise all learned routes by default.
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Gilma
11 months ago
This question seems tricky, but I think I can handle it. I'll need to carefully review the uniform capitalization rules and make sure I understand which costs should be capitalized for inventory.
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Marylou
12 months ago
Hmm, I'm a bit confused on this one. I know SSL termination is important, but I'm not sure I fully grasp the differences between doing it at the BIG-IP versus the web server. I'll need to review that concept again.
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