CTEP practice question 23 of 35

In case of Discretionary Discounted Gift Trust, the settlor has the right to receive annual capital payments upto ________ of the original capital. The trust is suitable for individuals who have a liability to ______________ and are happy to make substantial gifts.

Full set: 472 questions
Answer options
A: 5%; Gift Tax
B: 8%; Transfer Tax
C: 8%; Estate Duty
D: 5%; Inheritance Tax Correct answer
Correct Answer:
D. 5%; Inheritance Tax
Explanation

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