assistants
ships
vehicles
guns
第1题:
James died on 22 January 2015. He had made the following gifts during his lifetime:
(1) On 9 October 2007, a cash gift of £35,000 to a trust. No lifetime inheritance tax was payable in respect of this gift.
(2) On 14 May 2013, a cash gift of £420,000 to his daughter.
(3) On 2 August 2013, a gift of a property valued at £260,000 to a trust. No lifetime inheritance tax was payable in respect of this gift because it was covered by the nil rate band. By the time of James’ death on 22 January 2015, the property had increased in value to £310,000.
On 22 January 2015, James’ estate was valued at £870,000. Under the terms of his will, James left his entire estate to his children.
The nil rate band of James’ wife was fully utilised when she died ten years ago.
The nil rate band for the tax year 2007–08 is £300,000, and for the tax year 2013–14 it is £325,000.
Required:
(a) Calculate the inheritance tax which will be payable as a result of James’ death, and state who will be responsible for paying the tax. (6 marks)
(b) Explain why it might have been beneficial for inheritance tax purposes if James had left a portion of his estate to his grandchildren rather than to his children. (2 marks)
(c) Explain why it might be advantageous for inheritance tax purposes for a person to make lifetime gifts even when such gifts are made within seven years of death.
Notes:
1. Your answer should include a calculation of James’ inheritance tax saving from making the gift of property to the trust on 2 August 2013 rather than retaining the property until his death.
2. You are not expected to consider lifetime exemptions in this part of the question. (2 marks)
(a) James – Inheritance tax arising on death
Lifetime transfers within seven years of death
The personal representatives of James’ estate will be responsible for paying the inheritance tax of £348,000.
Working – Available nil rate band
(b) Skipping a generation avoids a further charge to inheritance tax when the children die. Gifts will then only be taxed once before being inherited by the grandchildren, rather than twice.
(c) (1) Even if the donor does not survive for seven years, taper relief will reduce the amount of IHT payable after three years.
(2) The value of potentially exempt transfers and chargeable lifetime transfers are fixed at the time they are made.
(3) James therefore saved inheritance tax of £20,000 ((310,000 – 260,000) at 40%) by making the lifetime gift of property.
第2题:
There shall be two principal ______ through the harbor for the passage of vessels of over 60 tons burden.
A.straits
B.channels
C.canals
D.roadsteads
第3题:
第4题:
很多船上在每个舱口处都有两个吊杆及两台起货机。()
第5题:
我们船长现在很忙。()
第6题:
straits
channels
canals
roadsteads
第7题:
第8题:
Our captain is busy with his work.
Our chief officer is busy with his work.
Our captain is very busy now.
Our third officer is busy with his work.
第9题:
red or green to conform with the other lateral aids
red and green horizontally-striped
solid yellow
white with orange marks
第10题:
CSS duties are always assumed by passenger vessels,dry cargo vessels,or tankers in that order of precedence
The CSS must be established by mutual agreement between the ships concerned
A tank vessel should never be assigned CSS duties unless only tank vessels are present
The first vessel to arrive at the distress incident is designated as the CSS
第11题:
All vessels capable of international voyages
Vessels operating outside of the range of VHF coastal radio stations
SOLAS Convention ships of 300 gross tonnage or more
Coastal vessels of less than 300 gross tons
第12题:
Chain lever or turnbuckle
Webbing
Chain
None of the above
第13题:
If the vessel encountered rough voyage,the captain of the vessel shall ________ his note of protest to harbor authorities after vessel's arrival.
A.typewrite
B.convey
C.submit
D.take down
第14题:
第15题:
The Southern Alps,with Mt Cook in the center,runs almost the whole length of()
ANew Zealand
BNorth Island
CSouth Island
DStewart Island
第16题:
The first European to visit New Zealand was()
第17题:
The Southern Alps,with Mt Cook in the center,runs almost the whole length of()
第18题:
paint locker
engine room
bridge
shore
第19题:
have arrived
are arriving
had arrived
has arrived
第20题:
New Zealand
North Island
South Island
Stewart Island
第21题:
assistants
ships
vehicles
guns
第22题:
Many ships have two derricks at each hatch.
Many ships have two winches at each hatch.
Many ships have two derricks and two winches at each hatch.
Many ships have two derricks and two winches at each hatch cover.
第23题:
to
for
on
over
第24题:
changed
taken
replaced
exchanged