Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

AAFM CTEP Exam - Topic 8 Question 79 Discussion

In UK, gifts in consideration of marriage (CP) are exempt transfers up to a maximum of __________if given by each parent.
A) 5,000
B) 2,500
C) 1,000
D) 250

AAFM CTEP Exam - Topic 8 Question 79 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 79
Topic #: 8
[All CTEP Questions]

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

Show Suggested Answer Hide Answer
Suggested Answer: A

Contribute your Thoughts:

0/2000 characters
Lenita
3 days ago
I feel unsure. Maybe B) 2,500?
upvoted 0 times
...
Keena
9 days ago
I think it's A) 5,000. Seems reasonable.
upvoted 0 times
...
Amos
14 days ago
I thought it was lower, like £2,500.
upvoted 0 times
...
Cristy
19 days ago
Yup, definitely £5,000! Helps a lot with wedding costs.
upvoted 0 times
...
Ressie
24 days ago
Wait, is it really that high? Sounds too good to be true.
upvoted 0 times
...
Kimberely
29 days ago
Totally agree, it's a nice amount for weddings.
upvoted 0 times
...
Dean
1 month ago
It's £5,000 from each parent!
upvoted 0 times
...
Izetta
1 month ago
Nope, definitely £5,000!
upvoted 0 times
...
Isreal
1 month ago
I thought it was lower, like £1,000.
upvoted 0 times
...
Francine
2 months ago
Wait, are you sure it's not £2,500?
upvoted 0 times
...
Glenn
2 months ago
Totally agree, that's a nice amount.
upvoted 0 times
...
Stanford
2 months ago
It's £5,000 from each parent!
upvoted 0 times
...
Mattie
2 months ago
I’m pretty confident it’s £5,000 for each parent, but I should double-check that before the exam.
upvoted 0 times
...
Stefany
2 months ago
I feel like the answer might be £1,000, but I can't recall the exact details from my notes.
upvoted 0 times
...
Viola
3 months ago
I remember practicing a similar question, and I think it was about £2,500 for gifts from grandparents, which confuses me a bit.
upvoted 0 times
...
Gracia
4 months ago
I think the maximum exemption for gifts from parents is £5,000, but I'm not entirely sure.
upvoted 0 times
...

Save Cancel