Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AAFM Exam CTEP Topic 3 Question 25 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 25
Topic #: 3
[All CTEP Questions]

In case of Discretionary Discounted Gift Trust, the settlor has the right to receive annual capital payments upto ________ of the original capital. The trust is suitable for individuals who have a liability to ______________ and are happy to make substantial gifts.

Show Suggested Answer Hide Answer
Suggested Answer: A

by Elli at Jul 29, 2023, 08:34 PM

Limited Time Offer

25%

Off

Get Premium CTEP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Staci
1 months ago
I'm more interested in the 'Discretionary Discounted Gift Trust' than the actual question. Sounds like a trust fund for indecisive billionaires.
upvoted 0 times
...
Mayra
1 months ago
This question is as clear as mud. I'll just guess and say A. 5%; Gift Tax. Hopefully, that's the right answer!
upvoted 0 times
Jesusita
11 days ago
User 3: I agree with Jesusita, C) 8%; Estate Duty sounds right.
upvoted 0 times
...
Arthur
18 days ago
User 2: I'm not sure, but I'll go with C) 8%; Estate Duty.
upvoted 0 times
...
Ula
24 days ago
User 1: I think the answer is D) 5%; Inheritance Tax.
upvoted 0 times
...
...
Cassie
2 months ago
Wait, is this a trick question? I'm going to go with B. 8%; Transfer Tax. Sounds like the most reasonable option to me.
upvoted 0 times
Shenika
9 days ago
I agree with you, B. 8%; Transfer Tax sounds like the right answer.
upvoted 0 times
...
Shay
20 days ago
I'm going with A. 5%; Gift Tax. It seems like the safest choice.
upvoted 0 times
...
Marci
1 months ago
I think it's D. 5%; Inheritance Tax. That makes more sense to me.
upvoted 0 times
...
...
Janessa
2 months ago
Hmm, I'm not sure about this one. I'm leaning towards D. 5%; Inheritance Tax, but I could be wrong.
upvoted 0 times
Genevive
22 days ago
I agree with you, D) 5%; Inheritance Tax sounds correct.
upvoted 0 times
...
Roy
23 days ago
I believe it's A) 5%; Gift Tax.
upvoted 0 times
...
Lucy
29 days ago
I think it's actually C) 8%; Estate Duty.
upvoted 0 times
...
...
Ronny
2 months ago
I think the answer is C. 8%; Estate Duty. That makes the most sense to me.
upvoted 0 times
Annett
5 hours ago
I'm not sure, but A. 5%; Gift Tax could also be a possibility.
upvoted 0 times
...
Jestine
1 days ago
I'm leaning towards B. 8%; Transfer Tax as the answer.
upvoted 0 times
...
Janine
3 days ago
I think it might be D. 5%; Inheritance Tax instead.
upvoted 0 times
...
Louann
4 days ago
I agree, C. 8%; Estate Duty seems like the correct answer.
upvoted 0 times
...
Reed
18 days ago
I'm not sure, but I think it could be B. 8%; Transfer Tax.
upvoted 0 times
...
Charisse
24 days ago
I agree with you, C. 8%; Estate Duty seems like the correct answer.
upvoted 0 times
...
Evangelina
29 days ago
I think it might be A. 5%; Gift Tax.
upvoted 0 times
...
Margurite
1 months ago
I believe the answer is D. 5%; Inheritance Tax.
upvoted 0 times
...
...
Berry
2 months ago
I'm not sure about this one. Can someone explain why the answer is D) 5%; Inheritance Tax?
upvoted 0 times
...
Weldon
2 months ago
I agree with Ayesha. The settlor can receive annual capital payments up to 5% of the original capital in a Discretionary Discounted Gift Trust.
upvoted 0 times
...
Ayesha
3 months ago
I think the answer is D) 5%; Inheritance Tax.
upvoted 0 times
...

Save Cancel