Get a glimpse of the real CTEP certification exam challenges with our free AAFM CTEP practice test questions.
Question 1
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 ______________''
Question 2
Mr. Alen is born in UK and his father was non-UK domiciled soldier of foreign nation serving in the UK. Mr. Neil father was non-UK domiciled and he was adopted by a UK domiciled father. The status of domicile for Allen and Neil respectively is ______________ and ______________. Mrs. Suzan is a woman with a domicile of origin outside the UK who married a man domiciled within the UK in January 1970. Mrs. Kathy,a US national married a man on 1st January 1974 domiciled in UK. The status of domicile for Mrs. Suzan and Mrs. Kathy respectively is _____________ and ______________.
Question 3
In UK, savings interest is taxed at _____________. But if you're on a low income, you may be able to get the interest tax-free or get_______ of the tax repaid.
Question 4
Mrs. Brown is a widow with four children. Her husband left his estate completely to her on his death. When Mrs. Brown dies, her estate on death includes:-
The funeral expenses of Mrs. Brown amount upto 1,900. Find out the amount of estate that would be distributable to each beneficiary.
Question 5
Foreign maid levy (applicable only to working mothers) is upto ____________ without domestic worker concession and ___________ with foreign domestic worker concession.
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