ABuddhist
BCatholic
CProtestant
DMuslim
第1题：
A、with
B、to
C、for
第2题：
A.Edward VIII
B.Edward VII
C.George VI
D.George VII
第3题：
A.no his friends
B.all no his friends
C.none his friends
D.none of his friends
第4题：
Maritime Declaration of Health is generally prepared by the Master ______．
A.when his vessel is arriving at a foreign port
B.when his vessel is leaving a foreign port
C.after his vessel has left a foreign port
D.after his vessel has arrived at a port
第5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6题：
Why was the writer told not to go to the park by his mother?
A. It was being rebuilt.
B. It was dangerous.
C. it because crowded.
D. it had turned into a desert.
第7题：
Wu Hua had a question to ask his foreign teacher. He went to Professor James's place.After he got the answer, he got up to leave.Wu:()
A、Well, that's clear, thank you very much.
B、Well, I've got to go now.
C、Ok. Thanks.
D、I'm afraid I must go now.
第8题：
A.positive
B.negative
C.active
D.passive
第9题：
Why does common man in England seem to be as accurate-or as inaccurate-as the weatherman in his prediction?
A．Because the weather in English is SO variable．
B．Because the common man in England has as much knowledge about weatheras the weatherman．
C．Because by lunch time there could be thunder and lightening in England
D．Because English weather always defies forecast
第10题：