题目
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)
第1题
After Queen Eizabeth I died,James Sturt()her and became James.
A.missed
B.mourned
C.sob
D.sobbed
E.succeeded
第2题
A.King Henry VIII of England
B.Queen Elizabeth II
C.King James VI of Scotland
D.King Charles I of England
第3题
Ⅲ. Cloze (30 points)
Directions: For each blank in the following passage, there are tour choices marked A, B, C and D. Choose the one that is most suitable and mark your answer by blackening the corresponding letter on the Answer Sheet.
A new came as a surprise that an elderly woman died yesterday after (21) knocked down by a motorist who had made no (22) to brake (刹车) . A police officer asked the driver, a man of 69, to read the number-plate of a car parked (23) the opposite side of the road. The man said this was (24) , because it was foggy. In fact, it was a sunny day. After several attempts, even from a distance of two meters, the man (25) failed to read the number-plate (26) He said he had never needed (27) , though he had been (28) in a similar accident 29 .
The question of fitness to (30) comes (31) every time some medical condition relates to an accident like this. Last week two motorists died (32) blackouts (瞬间昏厥) at the wheel, With these (33) in mind, it is not surprising that accident prevention organizations are trying to (34) the government to introduce stricter controls over (35) so that both drivers and people on the road will enjoy safety.
21. A. being
B. be
C. had
D. has
第4题
21.A.have I
B.do I
C.I have
D.I do
22.A.does it seem
B.it does seem
C.it seems
D.is it seem
23.A.hinted
B.suggested
C.asked
D.mentioned
24.A.dog
B.collar
C.caller
D.dollar
25.A.will he
B.he will
C.has he
D.he has
26.A.than
B.as
C.and
D.when
27.A.in week-ends
B.in week-end
C.by week-ends
D.at week-ends
28.A.about
B.after
C.at
D.for
29.A.work as
B.to go
C.to have been
D.become
30.A.for
B.at
C.in
D.with
第5题
The tower was also the 【C9】______ of one of London's most famous mysteries. King Edward Ⅳ died in 1483. His elder son, Edward, became king【C10】______ his father's death. Young Edward lived in the Tower, and the Duke of Gloucester, his protector,【C11】______ Edward's brother, Richard, to come and live there so that they could play together.【C12】______ then the Duke【C13】______ that he was the new king, and he was crowned 【C14】______ the twelve-year-old Edward,【C15】______ himself Richard Ⅲ.
After that, the boys were seen less and less and【C16】______ disappeared. It is said that they were suffocated in bed by pillows being【C17】______ their mouths. It is believed that Richard Ⅲ ordered their deaths, although it has never been【C18】______ In 1674, workmen at the tower discovered two skeletons, which were taken away and buried in Westminster Abbey in 1678. The【C19】______ were examined in 1933 and were declared to be those of two children,【C20】______ the age of the Princes.
【C1】
A.seats
B.scenes
C.grounds
D.sights
第7题
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